Our price range is $130,000-200,000.

Thank u Ashkey n David for response-  Ashley on a heloc loan there is no expense with closing and appraisal is free by the bank, but when used to buy for cash and refi will incur closing cost typically for range of home in 150-160k range adds to about 5000 in closing cost but have 1 closing cost to incur,but on a refi with cash out on a vacation home and then buy a for cash on a rental will incur 2 closing cost. 

Usually most lenders offer 80% to 90% of total loan amount up to 70% after repair value.For example let’s say the purchase is $100,000 and repairs is $50,000 and arv is $250,000.The max the lender can offer is $175,000.That’s what they can offer which means you still need to bring 10 to 20% to the table.Rates range from 6.75% (having done around 14 to 25 yearly) to 11% having done none in the past 2 years.

Do you guys think I am crazy to buy another house in the 175k range put ~60-70 k down payment then 15 to 20k renovating it then renting it for 1595?

Appraisal just came in and they denied it because in one of the units the livingroom ceiling is sagging and crack slightly (just the drywall material not joist) and is missing a oven/range.

Cash out refi could range from $75k (min to cash me out) to $113k (approx 75% of ARV).  

It's not uncommon to see rates in the mid 3% range at this point.  

It would be nice to have a place where investors of a wide range of experience level gather and don't care about making money off of each other but only seek to have productive discussions and network with others.

Currently I'm looking in the Spring Valley and Summerlin area for 3BR/2BA homes and I see there are a few condos in the $160k-170k range. 

@Jonathan Greene  The price range that was initially mentioned, but not agreed to, I estimated to be around 65%-70% of the ARV based on nearby homes that have recently sold with similar metrics.