I's already at a high LTR rate, so I just don't think MTR would bring that much more. 

From my research it seems prices have gone up a lot in recent years so I am wondering if this strategy is still a feasible option for someone looking to start with a SFH for 150k or below, adding value with a rehab and getting a high enough appraisal to make it work. 

-They have high blood pressure-DiabietesAnd not people that are retiredOr people that almost not doubt have legit problems

It's just too risky to have that much high cost debt at one time.

We would have liked to invest locally but prices here in California were too high for our budget.

While private money isn't highly regulated at the federal level, there are subtle nuances to be aware of in each state that may trigger your loan becoming a security and then the SEC would have regulations to consider.

Without knowing your full situation, if you invested in these high price point areas you can't go in this levered.

I have a 3 party who I have used since day one $45.00 to do background  so far so good couple bumps nothing too big .Last place they lived is BIG make sure you don't skip any thing that should be done .When they are serous take a picture of the DL of all folks on the rental just like a apartment would do .

I see with this with a lot of local banks or credit unions.The Banker should have walked you through the basics on County loan limts versus Jumbo &  High balance.

Don't overlook the big picture.