I'm a very conservative investor and may look through a hundred deals a month, and at the end of the year only invest in 4-5.

Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.

The average price of an SFR is over $700,000.

If you did refi out of the FHA, yes, you could use it again. 

They typically want earnest money as well as pre approval or proof of funds.I've heard of people leaving money on deposit with the agent.

And if so, as I'm paying down the original primary residence HELOC, in the future, can I use it again to purchase a rental investment?

I also am struggling to find investor loans for this type of build.

Hi, just to clarify on the trans union report, the "resident score" is their credit score?

It was in the same family for a long time so we are undergoing a pretty expansive renovation in order to bring the design up to STR standards.

Need to know: Market locationwhat finances look likecurrent goalsjobetc.....Duplexes are one of the best entry points for the new investor, but all depends on the specific deal and strategies implemented.