But on rentals the leverage actually works in your favor.

If this works out in my favor, you both will move to the top of my Christmas card list, More to be revealed.

I am nervous to post this because if this deal works in my favor, I could easily see a monthly cash flow of greater than $5K, and if I repeat this several times in the span of the coming year, my life will be wildly different-- and I'm not yet prepared for how to react about it.

I wonder if anyone is doing 2 stage rehabs - 1st the basic items so that they can rent out the property until things change, then the more expensive details when the market favors selling to an owner occupant?

Are you in favor of this new law? 

I personally have a strong bias in favor of buy and hold. 

Here is the process that you are describing in detail:https://www.biggerpockets.com/...https://www.biggerpockets.com/...The other way would be a commercial/portfolio loan but those will have slightly less favorable rates/terms.

Arbitration is more likely to work out partially in your favor than the roll of the dice in small claims court.

If the duplexes have split utilities, but you are solely responsible for providing heat and water to the 20 unit, the numbers may actually weigh in favor of the duplexes. 

Very soon we realized that MTM leases favor the LL; you can raise rents, issue a 30 notice etc.