Purchasing SFR is a great start, as you can get in with only 15% down on the first 4 mortgaged properties, but are subject to PMI with less than 20% down. 

Cash Reserves Required For Other Properties Owned by Investor; If the borrower has 1-4 mortgages, an additional two (2) months for every other SFR investment property and second home is required and additional six (6) months for every other 2-4 unit investment property and second homeIf the borrower has 5-10 mortgages, An additional six (6) months for every other investment property and second home.DELAYED FINANCING EXCEPTIONDelayed Financing ExceptionA cash-out refinance within six (6) months of a purchase transaction when no financing was obtained for the purchase transaction are allowed under the following parameters: The new loan amount is not more than the actual documented amount of the borrower’s initial investment in purchasing the property, plus the financing of closing costs, prepaid fees, and points (subject to the maximum LTV). 1.

Brought to this subject, my cash flow corresponds to rent less about 72% debt service and maintenance.  

Perform due diligence on the subject property to see if its a deal at all.

BIGGER POCKETS,I just recently purchased a property Subject To with no money down.!!

@Damien CobbsIt is important to note that real estate cannot be flipped inside a solo 401k plan without subjecting it to UBIT.

For all 1- to 4-unit investment property transactions, cash reserves equal to six (6) months PITI for the subject property are required.

BRRR is still a big subject here on B.P.

Required documentation is dependent upon the length of time the borrower has owned the property.Rental Income – Subject Property For FHA MortgageLimited or No History of Rental Income Defined as when the borrower is purchasing or does not have a history of rental income from the subject property since the previous tax year.

I am working on a Subject-to deal and wanted to know how much transfer tax I'd pay on the deal.