The before and after is simply outstanding, the house looks old from the outside, but very modern inside.So, just to put numbers out there:$77K Purchase price$23K Rehab (materials ,labor, other fees)$100K Total Acquisition CostI then went to a local bank, because all other big banks didnt allow for a cash out before 6 months.

Flipping homes, go to pawn shop(that is a modern version of a hard money lender) is something they do not advise. 

Diversification in a variety or combination of already mentioned topics.

It's truly one of the best markets in the country due to its affordable housing, its combination of inflationary factors and its landlord-friendly laws.

Lastly, install the combination locks, then all you do is change the code for each renter, MUCH more cost effective . 

Should I ask them for their combined gross salary to determine the rent to income ratio?

@Sue ZikriaI do a combination of BRRRR's and turnkeys.

I have $165,000 in combined equity in my condo units currently.  

It was backed by Y Combinator.

In a nutshell, it states you buy a property, rehab it and then use the new equity created as the down payment when you refinance this have little to not money out of pocket in the deal. 2) I would speak with a lender as I am not sure about this but IMO if you go ahead and split the lot and it has an appraised value of around 100k, that gives you more "equity" if you were to get a HELOC on the combined property.