I am looking at financing options so that I don't have to tie up my cash, and I really dont want to do one deal at a time with the bank, plus I would like faster funding.Deal 1- BRRRR, 20K for the house, 12K for reno, 50K ValueDeal 2- Buy/Hold- 2/1 central heat and air....32KI could pay cash, but why?

Today while mowing the lawn, I either walked or mowed multiple dookies in the Midwest summer heat.

The goal is to house-hack for a few years before turning it into a two-unit rental.Viewed in that light, here are the results of the deal analysis when financing 95% of the $381,000 purchase price: If the appraisal comes up short (which is likely), here are the results considering the max $25,000 cash over appraisal it took to win the bid: Rent-to-price: 0.58%Property details:Single-family home with mother-in-law in basement2 bed, 1 bath, 1 kitchen up and down2 car garageShared utilitiesShared heating, cooling, and water heaterShared foyer at rear entrance, no front-entrance for downstairsSingle mailboxR-2 zone (multi-family)Built in 1933Nice upstairs with loads of historic charm, livable downstairsNeeds ~$5,000 in updatesInspection found no glaring issues, but it does have a mixture of new wiring and some ungrounded knob-and-tube (added insurance costs)New roof, furnace, and a/c in last 5 yearsWater heater 14 years old5 off-street parking spots (only really usable by one unit)Not ideal, but workable and a decent return which we're grateful for in this market.My biggest concern is being unable to use it as we intend.

New walls, appliances, windows, roof, fixtures, bathrooms, kitchen, heat and air are just a few of the improvements that were part of the remodeling of this beautiful like new home.

Day 1 you are bound by those, and hopefully have met the tenants already to understand any issues they are already having: toilet slow to flush, heat intermittently working, etc.  

Simsbury, CTLocation B++Listing Price- $179,000                Water/Sewer- $110/Monthly Heat Source- Electric Baseboard (tenant paid) Contract Price- $163,000             Garbage- $34/Monthly Appraised Value- $180,000           Owners Electric- $22/monthly Current Rent- $1300/ 650 each    Home Owners Insurance- $41/MonthlyMarket rent- $1750/ 875 each      Taxes- $3,924/ YearlyAfter Rehab Rent $2000/ 1000 each  Interest Rate- 3.875@ 30 years Down Payment 25%

Although these two cabins that I mentioned are small, they are high end cabins with indoor heated pools that bring in excellent rents.  

If the air conditioning stops working because the filter looks like it has grown a beard (and your lease states the tenant is responsible for periodically replacing the filters you have provided) the tenants becomes responsible for the cost of getting the HVAC tech out to figure this out.It is likely going to be your responsibility to make the appointment with professionals who can determine the SOURCE of the repair (would you really want a tenant to start taking apart your heating and air system?)

Some heating appliances, including unvented natural gas or kerosene models, also increase the moisture inside your home."  

So if you have $50,000 in damage and the house has depreciated 60% you would only receive $30,000 ($50,000 x .60)).I write a lot of rental properties in CT and have found that the best company for a property can vary based on location (fire protection differs by town and even with towns), condition of the property, and how updated the plumbing, roof, electric, heat are among other factors.