Typically the less cash you have in the deal the higher IRR but that also is not always the smartest business model as if you over leverage and their is a market correction or if your cash flow is reduced you are very limited with your options

Refinance at the start of Year 2; $185k ARV * .7 = $129,500 - $50k balloon = $79,500 + $12,744 [cash flow from rent with new mortgage] = $92,244 cash flow Year 2Sell in Year 5; less the balance due on the amortization schedule $121,909 = $63,091 cash flow Year 5The present value is now $135k which means that if I put in $140k at the start ($80k purchase price + $60k rehab costs) I overpaid by $5k.I realize there are a lot of limitations to this, for starters I didn't increase the rent at all and I assumed no appreciation beyond the ARV.

Only you know these facts.One item if you file an amended 2014 you are putting the government potentially at a disadvantage since the normal 3 yr statute of limitations could be expiring soon.

I personally have pretty much given up on references; it's an additional hoop for applicants to jump through, which can help weed out folks who aren't really that interested.

Hello Bigger Pockets community.I am looking for advice on how to setup a limited time joint partnership between 3 LLC's.

I have 10k saved. what is the max loan limit you’d suggest for my first property?

Student loan payments have crippled my ability to save, which also limits my options. 

I don't know if you have a specific reason for using an IRA vs. self directed solo 401k - if you can go the 401k route (self employed) then you have some serious benefits such as much higher contribution limits, less reporting requirements, more investment options etc.

What is the annual loan limit?

I'm about to close on a fourplex with a hefty pest report, but only a limited amount that's structural.