Terms I got were a -10/5 Arm adjustable fixed for 10 years at 5.5%25 yr amortization30% down minimal closing costs, they did cheaper drive by 'evals' on all the properties instead of appraisals.They essentially encumbered the paid off property, and I have only 1 loan for the entire amount of new purchase..  

You have to adjust to different environments based on what the market is or look for different markets or strategies.I know some markets are just that way like California.

If the doors were adjusted to a crooked foundation, you might need to readjust or even buy new doors. $$$5.

The lender I am using right now has a 5/5 HELOC that adjusts once every 5 years, at 75% LTV for an owner occupied mortgageThis same lender has a 5.25% variable rate for 80% LTV but goes up to 6.25% at 90% LTV Interest only will give you low payments now...and higher payments laterA home equity loan is often a fixed rate second mortgage, instead of a revolving line

Price points and a number of other factors (location included) make it necessary for this equation to be adjusted and ultimately, exact numbers are to be run, not just a %.As to rehab, as another stated, using $150 pSF for full gut remodel should get you in the ball park.

I am extremely comfortable speaking to people from various social and ethnic backgrounds and adjusting my speech to each groups needs. 

The reserve can buffer any mistakes I make and I can adjust based on what I find over time.

Clearly, adjust the terms and amounts to fit the scenario, and take into effect the repairs needed.

I was directed by NREIG to take pictures and submit online a quote/repair cost from my contractor (they did not send out an adjuster). 

A few simultaneous no-pays in your portfolio can kick off a bankruptcy if you don't have ready cash for payments.My take-aways so far have been:RE investment is extremely cash intensive, you *must* have cash or access to cash.