If you can acquire a good property, good neighborhood, good condition at a good price AND you won't lose money month to month... 

The owner wants $60k for it, the two apartments are move in condition and rent for $600 & $750/month, taxes are $4k/yr. 

So to sell one property out of the portfolio loan you must pay a 20% margin above that portion of the loan.The rates change based on the condition of the property as defined by the appraiser as good or average.  

I'd say 30 days is a reasonable average to get from vacant to new tenant move in but this can of course vary based off property condition/desirability, competition and amenities provided. 

It was in poor condition with some of the following problems:No hvacPast termite damageWater damage in multiple areas with active leaksAluminum wiringPoor layoutGrading issuesFoundation issuesWe did some numbers and estimated the rehab to be close to $100,000.

We're planning on using our proceeds to use an FHA 203k loan which we can use to buy a 2-4 unit in poor condition that we can do a live and flip, plus househack.

For a 3/2 house between 1300-1600 sqft in good condition, $1500 is a conservative estimate for rent. :)

She said yes about 51K and then explained the conditions etc...

@Deepak AroraIn California, given today’s market conditions, the difference in value seems to be negligible.

So, they may know the condition of the property better than you will.