A little about me, I'm 34, a full time first responder (with no intentions of leaving the job early) and I currently own 2 SFH's in Ohio and WV.

Most lenders will typically lend up to 75-80% of the initial purchase price and 100% of the rehab if you are considered a first time investor.

Keep studying these resources and by the time you're in a position to purchase, you can be sure you're ready to jump on the right deal when it comes up

Trying to explore if there are still pockets in Nova where the returns make sense, given the high prices.Nova is extremely low risk, which is why cap rates are so low, the issue I honestly see with nova right now is the cap rates are often times below what you could get in a bond, and leverage is hurting you right now, I wouldn’t say I Would recommend not investing in nova or investing in high risk market, but personally I’d rather get something in the 5-7 cap rate range and take on slightly more risk to do so. 

Aside from the cash-refinance cost itself)3) Does this mean the new mortgage (30-year conventional for the apartments) be based on the $1.8M with new interest rate (at the time), etc.?

Well worth your time to be on, and you get to meet an amazing host!

Feel free to reach out any time. 

A lot of time and money goes into test preparation and licensing.

Hi BP family,This is my first time dealing with this issue and it was a good lesson to learn how important to buy house insurance. 

I would sell them an option to purchase within a specified time frame at a set price.