With mother in law at $550-$650 could be <$1,300 total)$635/month expenses (Includes P&I and taxes)

In the majority of our loans, when you factor 75% of as-is value for purchase PLUS 75% of the rehab costs, tge amount of money you are effectively able to get is 80-90% of the total of what you will need.  

. ($120,000)B) Fannie Mae DFE who will do "The loan amount will be limited to the lesser of: (a) 70-75% of ARV and (b) your original purchase price plus total closing costs and prepaids on the new loan

I agree with J Scott, you might reduce your total hold time by selling it early, but you risk lower offers and reducing your company image.

I didn't totally see the reason behind it, but before I rehabbed this current unit, I wanted to think it through.

Hey @Scott L. thanks for the question.Do you know what the total rents would be on something like that?

Hello BPJust looking for a little insight from all the wonderful and experience investors on BP, here’s my situationI purchased 3 tax liens last year in Lake County Indiana, two of the properties are in Merrillville IN, the other one is in Gary IN.So here’s my issue, I LIVE IN CALIFORNIA....I’m really familiar with the area and I’ve seen all the houses in person so i know the condition of each.Cost of each property#1 $3800 purchase, $1000 lawyer fee, $2000 back taxed= $6800 total investment.

Totally rehabbed, rented, appreciating, a ton of equity ... a logical selling point.

It all makes total sense.

I totally get it with the high real estate prices here.I thought about foreign investing in Mexico (Riviera Maya) as the prices are low and Vacation Rentals can bring in decent income.