If you're looking for rentals, there are several that will fund your purchase as a bridge loan so you can still pick up properties quickly, then you'd refinance with a bank.Best of Luck!

So I'm looking for some advice, settle in this is a long one.I was lucky to pick up two house in Grand Rapids a few years ago before prices shot through the roofHouse 1 has a 43k note and could be sold for 120K (I've lived in it more than two years with in a 5 year period so I can get out of the capital gains tax) leaving 77K in equality, but the house is currently nets $700 a month in rent.House 2 is right next door, has a 53k Note on it and could sell for 110k, leaving me with 45k after capital gains tax.

I would pick block and brick over any other exteriors, also built within the last 50 years.

My main question is when we start a fund, how should we determine how much capital we will want to raise for that fund?

Flood insurance is property-specific depending on the flood zone the property is in and the property's elevation as determined by a surveyor on an elevation certificate.

I ask because right now I go online and just pick a home off zillo ect and then play with the bp tool calculators but it doesn't feel like I'm really running numbers because I may not have the purchase price, arv, ect.

It may also be worth having a 203k consultant come to see the property to determine the amount of repairs, just like we would with a home inspector.Any unused rehabilitation funds in a 203k loan will be reapplied to the principalThere is no early redemption penalty for any FHA loan.This is the basic research I have done so far.

You can always determine who is responsible for the problem after it has been addressed. 

Is their anyone here on bigger pockets that lives here in the state that I can talk with and possibly pick up some pointers from?

If you don't buy in a crummy area then you'll probably have you pick of a couple of PMs.