(Yes, I live on rice 'n' beans)If you have an underwriting process that can focus on my current cash-flows (and perhaps track record of successfully stabilizing properties), I invite you to comment or DM.THANKS BP COMMUNITY!

Without knowing how much of the renovations you were planning on doing yourself over time versus how much you were wanting/needing to finance up front, you would also want to talk with potential lenders about what loan products they have which could incorporate both the purchase price as well as the reno costs into the loan package.Hope this info helps get you pointed in the right direction - definitely keep us updated as you move forward with this project though!

As I prepare to use an FHA loan for my first multifamily investment, I've become concerned about the extensive repairs that can accompany purchasing an older model.

I feel pretty confident about the flipping process having done 4 full rehabs as well as several more minor ones.

It will take more work on my part because I didn't purchase the business in a box they offer but I think it was well worth the time and effort.  

Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!

Usually it is best to just purchase it in your name.

Anyone who is staying a month or longer should be going through a normal tenant process, including an interview and lease.

I have enough cash on hand to purchase and cover renovations but im not sure if I should do that or conventional loan?

Initially we were set on purchasing a Primary Residence again, single family or townhome within reach of my sons school and continuing life as usual, but feel like we are slightly priced out of the market we want and areas we need to live.