Good Afternoon Investors, Is there a rule of thumb you follow for targeting the amount of cash left in a BRRRR deal post-refinance?Steve

The difference is you have new roof, plumbing, etc..I would totally switch my contract for this.

Just because it's my first deal I'm obviously more intimidated and also feel like if I do the first deal wrong it will be harder to recover vs. if it was my 3rd or 4th deal and I have something to fall back to.Anyway, I'm actually interested in the market in Philly and was there a week ago to check out some properties, would love to hear more about what you do there.

I feel like the obvious answer is to.....only agree to a purchase price with numbers that meet all of my requirements.

I plan to pay off the loans in about 10-15 years and will be refinancing with a private lender once I'm done with residency to cut the total cost down as much as possible.

So when analyzing potential deals, don't use some generic rule you read on the internet because it'll totally lead you astray.

Are you budgeting for the VA funding fee and rolling that into the loan total?

I always see comments about the challenges of the LA market, but this totally blows that out of the water. 

J Scott I totally agree with me financing my self part.

I bought my newest home Sept 2017 with 3% down... paid for some repairs with cash for a total of $20k.