I wanted to get concrete as to what numbers I'm going to consider in my newest market, where small buy-and-hold MF are currently selling at around the 1% rule (a $200,000 duplex gets around $2000 in monthly rental income - these numbers have remained consistent over the past 18 months ever since I first studied this market).1% doesn't excite me much and I decided I'll buy starting at around 1.5% (they currently have some small duplexes approaching this number but they're small and aged) - I want a larger MF or at the very least a newer build duplex with more SQ.FT. so I'm getting good rent while minimizing expenses. 

Some data supports that my parent's generation (the baby boomers) are STAYING PUT as that generation is approaching retirement age.

If this is an investment property, it sounds like you're already approaching a high leverage point if it's worth $700k and you already owe $500k.

I've seen a few approaches lenders take with this.

Some providers take the approach that a furnace or water heater with several years of expected life shouldn't be replaced in the rehab, but that the final product should be priced accordingly. 

wholesaler approached me with it How did you finance this deal?

First time posting in quite a while and wanted to get some advice on how to approach this scenario.We’ve been living in our current home (condo) for 3 years which we purchased with a VA loan.

So you may want to pull the trigger and get a rate lock before you miss these rates.When you own properties you can also take out a HELOC after you purchase the home if repairs are needed above your initial cost approach.

As long as you are providing a well maintained home, the rest should all have a strategic business approach to it, not personal.

This approach seems to provide ANONYMITY + ASSET PROTECTION LAYERS.