Hey Rahma,Most are sitting at about 7.5% right now with variance based on FICO, region, loan amount, the DSCR itself, and even your experience. 

Hey everyone, I'm Milos Andelic, an investor based in Atlanta with a passion for finding and reviving distressed properties.

@Jason LeggettSubject to is you take over payments on the mortgage and make those payments and then you also pay the seller based on loan terms as wellMore to it but that’s it in a nutshell.

You can do it as a cashout refinance fix and flip loan based off the ARV or even a 2nd mortgage upto 85% of the current as is value .

Hello Taryn,Have you considered securing hard money for short-term use to complete the apartment scope of work and then refinance for a conventional loan either based on "As-Is" (pro forma market rents w/ no tenants in place) or "As-Stabilized" (fully rented) condition whichever the lender will allow?

I would choose an investment focused broker who is Proficient in cost / cash flow analysis models based off of your figures and can provide with a lot of different options.

I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.I currently have 200+ books in my library and if you'd like any recommendations on a particular area of study, send me a message and I'd be happy to provide you with some.A couple I'd recommend to you based on your post are..Buy, Rehab, Rent, Refinance, Repeat - The BRRRR Rental Property Investment Strategy Made SimpleFLIP - How to Find, Fix, and Sell Houses for ProfitThe Book on Flipping Houses How to Buy, Rehab, and Resell Residential PropertiesThis book is not currently available on Audible but a must readThe Book on Estimating Rehab Costs - J ScottBigger Pockets has become one of my best resources.

Obviously this may vary if you live in a larger city or have different things on your return and based on your preparer.

The sales price minus the cost basis is your capital gains (depreciation recapture is another calculation, but based off of these two numbers).  

It's a very small base compared to others and I don't think it's really a large enough strategy.