They are more willing to be flexible and might allow a re-finance now without the "seasoning" period of 1 year.

Written by a Wisconsin lawyer who updates them each time the law changes.

I’ll need about $50,000 to renovate it to work for me (mostly needs updated flooring / lighting / aesthetic things).

Another way to look at renovations is it may not totally cash out what you put into it but if it makes the house sell much faster than the one next to it not updated it is money well spent.   

CAPEX are amounts that you will be setting aside to cover various items that you expect to replace over time (your expected hold period).

As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment.

I would like to walk you through my analysis to see if I am doing something wrong with my numbers.Property: Duplex in San Rafael ST, South of Edgecliff Village in Fort WorthAsking Price: $155,000Down Payment (3.5% via FHA): 5,425Loan Amount: 149,575Loan Period: 30 yrInterest Rate: 4.38%Monthly Mortgage Payment (using BP mortgage calculator): 747.24Income:Unit A --> 695Unit B --> 89550% Rule:Cash flow = (Income)*50% - (Monthly Mortgage Payment) Cash flow = (895) *50% - 747.24 = -299.74** This computation was made only leasing unit B and living in unit A (house hack).A few thoughts regarding this analysis:1.The schools surrounding the area are below average schools (according to greatschools.org).2.I am not including the monthly taxes, nor the monthly insurance in my analysis (I have not searched for this information.

Does anyone have any live in ready or updated rentals in San Antonio?

As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment.

Here is the link to my original post that outlines the numbers.So here is the update.