The renovations are cosmetic and are estimated to cost about 8k. 7.375% is a much higher interest rate than the other 4 properties I have, which are all between 3.25 - 4.25%, but I know that's just the situation with interest rates right now, and it may not get better any time soon. 

Met with a GC for the 1st time this past weekend and needless to say, we're off  "a bit" on our build estimates.

I had it at 2.5% (per my agent) right now i have both at 10% arbitrarily. how do i estimate Capex and Maintenance better?

Do you know how to determine reno cost?

Also, you are typically allowed 2% from seller concessions from your lender, and potentially even more, which can help with closing costs.

We will renovate the fix up the first floor additional dwelling and plan to rent it out as a STR for the rest of 1st year to maximize the return of our renovation expense against our W2 taxes via the Cost Seg / Bonus Depreciation.

But the no up front cost option is great for basic updates and upgrades for a retail home seller.

Get a thorough inspection to identify necessary repairs and calculate potential rental income versus costs.

You will need 20% or even 25% down plus all loan and closing costs to make the loan happen.

I wanted a 30 year that will cost 0.50% more but lenders all pushing me to 10 year and stating rates will come down and will refi.