My basic rule of thumb I give to wholesalers is if they can figure out what the market sale price will be when the home is fixed up, subtract around $45k and that is where I need to buy it. 

They passed on deals in both FL and GA because the rents would not support their all in purchase price and expected returns.....

The RSP rules are very strict with little room for flexibility.

Standard 1031 rules and deadlines still apply, which can be tricky when you're building a new property from the ground up (ie you have 180 days from the day you close on the sale of your current prop to complete construction of the new one).

Our GC firm supports our investor clients we help acquire homes for to do renovations and make-ready repairs...we also do the repairs, turns and remodeling work for a management portfolio of 800+ client rental homes so we understand the investor's needs. 

To my knowledge you may use an FHA or 203k loan for any residential property 4 units or under. these rules apply to all 50 states.

I don’t want to be underinsured, but even the agent said their recommended “rule of thumb” amounts seemed really high for the unit. 

Thank you in advance.Not sure if diff state have diff rules but I live in Texas!

No help beyond that, we’re on the hook for everything.I should mention this was quite a few years ago and Airbnb has since forced VRBO to step up their host support game via Airbnb’s host guarantees and whatnot.

I've used a HELOC for years to support cash purchases (in addition to loans against my 401k).