I'm starting to liquidate my city houses in favor of the suburbs.  

Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.

You all can agree to a favorable split.

@Bob AveryLike Wale stated I would go to MNREIA meetings to further your education and expand your team. 

Right now, I'm working with a team that helps find off market properties for investors which has been a great way to dive in and connect with experience professionals in the industry.

I'm starting to look for team members so I know exactly what blocks to stay away from.

They teamed up with a contractor to buy a small multifamily in Oceanside.

And you assume the rest of the mortgage that you're already guaranteeing.Your idea to refinance immediately after to get favorable financing is perfectly fine. 

The best part is that you are making a positive impact on your providing housing for those who would not be able to afford living in said neighborhood.Managing the property and members are things the entire PadSplit team is good at.

This new area is basically double the housing cost then the first, but I think finding the team to manage will be much easier.