Your credit has to be above 580 for 3.5%.I would be careful when tapping into your current property's equity.

You could put $25K down on 4 $100K properties.You cannot exchange into improvements on property you already own so in order to include significant improvements in your 1031 you would need to do what is called a reverse exchange.  

The reason I ask is I'm trying to determine if you can drive up the value of 2-4 unit multis simply by raising the rent vs making capital improvements. 

Since you allow people people without the credit or means to buy.

It's some questions that most hard money need to know.1) what's your credit score2) how much cash are you bringing in?

Side note: They said they have a 800 credit score and are currently paying more a month. 

@Sean Senatore thats definitely an improvement.

I past the test first try, and credit the hundreds of practice questions the school provided.  

The CMA of the property would be around 430k-450k looking at recently flips homes close to the property (not counting the extra 400 sq). we talked to other investors and came with a rehab cost of 50k give or take, again this is our first work so we might be off by more than we would like to. the Owner of the house seems more than willing than to finance the project 100% by either using his business credit or even taking a HELOC on the property we are flipping.

I was wondering what people thought of Trenton today and whether the prospects for the town are improving , declining or stable from your perspective as an investor.