Originally posted by @Michael McConlogue:According to the New Law you can charge up to $20 for Credit Check and $20 for background check.

@Michael Facchini would be an expert on this as he has helped many people in this regard.

For example, their guidelines might state something like 'The lesser of 70% of ARV and 90% of Project Costs'.We can work with your scenario, and I'll make some assumptions about the rehab cost, although you can plug your own actual rehab numbers in.Purchase Price: 25kRehab: 50kARV: 110kAt this level, 90% of LTC is $67.5k70% of ARV is $77kIn this situation, our hypothetical lender would fund $67.5k.Anything below 100k in loan amount tends to become difficult to find financing for, and you will want to be sure that the lender is still able to fund even if the ARV doesn't come back at the price you think it will.It might be worth it to talk to some investors who have done similar-sized deals in your area, and see which route they have taken to procure financing.Hope this helps,Michael

@Michael Baum I assume STRs are allowed here in AZ.

@Michael Doherty Thanks for the insight, looks like a rough area.

Michael h Paulson 605 6796 745 great attorney real estate specialist.

@Michael Bonanno, I'd be thinking about your second investment property first.

@Michael Ealy Thank you for the feedback Michael it really helps especially when starting out.

@Michael StreetGet professional help.

I realize there are a lot of other factors that depend on your success (i.e. closing rate, market, competition, systems you have in place, etc), but listening to an old podcast (#81) with Michael Quarles he said that he saw a roughly 8-10x gross return on marketing.