As for your closing costs if your using a traditional broker / lender then it is what it is - you can ask for a discount on the refi since they just did the primary.I would however be VERY concerned about ANYONE (on the traditional side) who said they will refi you after 3 months - frankly I find that to be 100% BS. 6 months min. and more then likely 12 months.

Jeff,Turnover time being what it is, maybe the better thing to do is to try to get the turnover staggered so as not to happen all at once.One way to achieve this is to have leases that have differing end dates, even if it means using a 9 month lease or 13 month lease.Then, only evictions and lease breaking will cause the turnover to occur in unpredictable timing.

I also think using a concrete example like this will help everyone (particularly rookies like me) get a feel for how others in the biggerpockets community analyze market value.

I am interested in using a PM.

I'd avoid using a corded light that had to be run outside of the closet and plugged in.

Instead of using a tile saw, you would basically use a utility knife to make the cuts.

Most SFRs are funded using a loan process where a business plan is never going to be consulted. if you want a line of credit or a blanket facility they a banker will expect a business plan almost before they start talking to you.

The bank regulations are clear on this.As you want to buy 100 units and you are using small local banks you are more likely to bump into the limit then if you were using a much larger bank.

I want to invest using a buy-and-hold strategy with multi-family homes, maybe a triplex or a quadplex to aim for cashflow from rentals.Since I want to start investing as soon as possible and I am not planning to live in the house I am buying (disqualifying me for an FHA loan), I would like to know, what are the chances these days of getting a 5% down on a conventional loan approved?

I may be using a similar situation in the coming months.