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@Ruben Helo Ruben, if your final choice(s) is to invest in areas other than where you live, be certain to do 2 things in relation to the front part of those BRRRR's before going under contracts to purchase: (1) Make sure you have a quality short-term rehab style lender, and that they service the area/city that you are targeting.

There are so many whether they be Hopkins related or not. 

That's all relatively easy to do.  

I have the funds in cash to cover the cost of the builds in a high interest saving account earning 5%.

Quote from @Khang Truong: View report*This link comes directly from our calculators, based on information input by the member who posted.I’m new to analyzing property but some numbers aren’t accurate since bc hard money loan also covers property and rehab so should that be include in purchase price or rehab amount.  

Another related item is storage for the home.

Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.

Hi Walker,If you use a DSCR loan on the refinance, they do not care about your W2 income as long as you have enough liquidity to cover the deal.

After looking into the question of whether or not to create an LLC for our investment properties, we decided the better option for us was to simply get more liability insurance, specifically an umbrella policy to cover all properties up to a few million dollars.