We would be able to raise rents to total about $2000/mo after renovations tho, we suspect.

I've heard it's rarely a good idea to file a claim against insurance because it can raise rates or cause insurance companies not to renew the policy. 

You may be able to find someone to partner with who can provide the funding while you do the work, then split the profits and move on to the next one....

No funds available

I want to know how you started out with your initial funds, was it a loan?

Hi everyone,I’m interested in raising debt for small multifamily deals but I have a few questions about it and how I want it to work with my proposed strategy.One of the things I’m wondering about is how to structure a deal with multiple debt investors and what security they can be offered.  

As of  Jan 1st 2019 I have raised the rent for both of the 1 bedrooms from $625/month to $685 One of the tenants did balk but they paid it because that is still under value by about $50-60 The garage rent has been raised to $140 from $100 The renter of the garage made no issue of the rent increase.

I send a proof of funds (bank statements) with all offers.

@Raphael Turner  You would be able to go up to 75% with a conventional cash out refinance - that would pay off your current loan and you would keep any funds left over as cash out. 

The obvious thought is to not claim any as it is my first property and there will be only around $4k in revenue this year anyway but my thought is that I can potentially claim and increase my taxable income which will raise my Debt/Equity ratio in order to purchase another SFH or small MFH next year.