But typically these are already home owners so it may be a better than average tenant base as far thrashing the property. 

Hi all, I am Jack, a super rookie investor based in the Bay area.

Both are based on investing $10k and selling to get back your $10k.

However, based on my revenue projections and factoring in a 25% commission for professional property management, it seems unlikely to generate significant cash flow unless they can significantly boost revenue.I'm open to working with a professional PM if they can guarantee decent cash flow.

I would recommend first establishing what your financing options are based on your cash on hand and cashflow expectations....  5% down? 

This method involves purchasing properties that need work, rehabilitating them to add value, and then refinancing based on the improved value to fund additional investments.

Basing maintenance/cap ex as a percentage of rent is not smart even though many rent calculators use percentage.

Loan approval is mostly based on projected rental income, similar to commercial properties.Disadvantages - higher interest rates and can be a riskier investment. 

Such as primary residence of an agriculturally based business?

It feels like one requires the other...refi requires good credit...good credit requires the refi...Does someone have some insights as to how to do a home equity line of credit based on an appraisal and with a low credit score?