With the exception of @Scott Mac's roofing experts, all combined sound like a mediocre month compared to what experienced PM's see and deal with on behalf of their Investor Clients.

For examply, Fannie Mae, HUD and Freddie Mac and some banks now state that you cannot sell the property for more than 105% of the purchase price for 90-120 days after closing.

@Scott Mac good news is I can back out on my side if I don’t like the current market.

That is 12/2 house wire that probably fed some device outside.

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

To accomplish it, however, you have to use the following framework:1) Buy it at a fair price with a lot of upside in raising rents, filling lots and cutting costs.2) Finance it with seller or bank financing.3) Enact your plan and boost the net income.4) Season the higher net income.5) Refinance with a CMBS "conduit" loan or a Fannie Mae/Freddie Mac "agency" loan with non-recourse.It's important to note that very few normal banks do "cash out" so you're only shot at this plan is to use conduit or agency debt -- and that means your deal will have to be at least $1 million by the time it is completed.

@Mubeen Naithy Fannie Mae and Freddie Mac which are one of the largest mortgage purchasers in the U.S. will allow you to have a maximum of 10 loans(including heloc and helo) until they will not buy your mortgage from your lender.

I only use Macs.

My latest is a 2022 remortgage at 3.18% with Freddie Mac. 

Hello Tushar,You can finance the properties in a LLC or personal name, however if financing via Fannie Mae or Freddie Mac, they will not allow financing in the name of llc.