Is there anyone that has gone through NACA and got a multi-unit and was able to successfully refinance out of the loan after a year, or is it more realistic to plan to have to stay in the home for 3 to likely 5 years?

You can definitely do higher end flips in Detroit but I wouldn't recommend starting there.Buying something for $50k-$60k (off-market), putting $20k-$30k into it and then selling for $100k-$110k is a more realistic expectation.

Would like to see lenders get back into a consistent groove with UW and clients with more realistic expectations and better planning.Cheers!

Note their ages and realistic life expectancy.

If my plan were to continue with OOS properties, I'm sure I'd keep searching here or just go through OCF...but I made the decision to stick with my local area and a few overseas locations.It's also important to be realistic about what kind of return you will be getting with a TK investment....Anything in double-digits is unrealistic for any TK, IMO. 4-6% return is more realistic. 

Do not be discouraged by an applicant telling you 3x monthly rent is not realistic.

However, the realist in me knows these are secondary and all the critical items I want in a property management company is present.

and that's fine - i wish folks would just stop advertising 80% if it's not realistic =)@Leanna Nixoni have found that DSCR lenders want 3-6 months - 6 months will be better terms. 

You must be realistic with your income and savings and affordability.

Hey quick question, looking to get into fix and flip, but want to sell to Offerpad or Opendoor and similar sites instead of working with agents, is that realistic?