Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

. :-))But yes, I could take a $200k or $300k tax free loan every year on the appreciation if I couldn’t manage to make ends meet at $20k/mo.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Start by talking to a lender to determine how much you can afford (and that you can qualify for a loan). 

I would search for a property that has a low interest rate Fha or VA loan.

I would talk to some lenders  getting land loans and development loans with no experience is next to impossible starting out.. 

For example, I have a loan that's at 0.97%. 

If you find an investor to buy them, send them my way for the loan.

New loan is a 10/30.

Don’t overlook the 10% down second home occupancy loan for financing a property like this.