Just wanted to update the thread:We have officially closed now after some issues with delays in the appraisal. 

Find deals, listen to your finance person so that you minimize the amount of cash you tie up with either the purchase or the renovation4.

The hit on your credit for one or two inquires is minimal, They stay on for a year I think but have diminishing affect after a few months.

It's minimal in the first few years, but exponentially increases throughout the note.

As mentioned before, they will want to know why the delay in reporting.  

Do you basically need to keep them all vacant while you rehab....that might be the fastest way, but delays your revenue stream perhaps.   

BRRRR with Delayed Financing definitely works, yes, but all deals done with $0.00 out of pocket after you refi???

Don't do anything, delay all maintenance, COC looks great. 

The down payment assistance would be nice, but if you have to stay in the same property for 5 years that's quite a price to pay if you want to keep building your portfolio with minimal cash out of pocket.

All down payment assistance programs make the seller jump through hoops and delay closing forever.