It is my understanding you need to have the full required points.

it was not worth fighting the 1k fine.. though :)  

It will take talking to a lot of community banks if you don't have additional funds to showcase liquidity reserves and a higher net worth, as the loan will be full recourse.Partner up - combine your equity with a couple other investors to have 30% equity ready for that $1 Million property. - Tim

I'm currently an Engineer by trade, working 3 nights per week, so I will use my days to work as an REA until I make the full transition. 

I currently have two cash flowing properties in Charlotte and I am currently looking for a third property.Like many of you my goal is financial freedom but it has been a slow process since I still work full time.I am looking to do a refi on one property so that I can purchase the third property.

I currently have two cash flowing properties in Charlotte and I am currently looking for a third property.Like many of you my goal is financial freedom but it has been a slow process since I still work full time.I am looking to do a refi on one property so that I can purchase the third property.

Hi All,Who do you recommend for licensed full service inspection companies?

But I'm an investor and wholesaler full-time.

I actually lol every single time I read this under experienceRegardless, the IRR is dependent on many factors including: purchase price, exit price (this factor is the biggest contributor to IRR), rent growth strength, ability to re-position, debt terms - LTV, rate, term, IO years, amortization yearsArticles you might find useful:The Inside Track to Vetting A Multifamily Deal SponsorDeal Screening Checklist for Passive Multifamily InvestorsFocus on developing relationships with the right syndicators (full disclosure: I am one) with the right background/experience working with the right teams. 

This would be the type of deal where you would be much better served doing a full gut rehab of the building and moving out all of the tenants in staggered groups as you rehab.