The TX legislature updated the law in 2018 to remove the "once an A6, always an A6" issue, but I've found some lenders aren't aware of the update and I've had to point them to the language in the actual law. 

Updated and Reposting, since the last one came out as part of a quote.These are just my observations and guesses, I am not saying if I favor them.Summary: CoronaVirus's Impact has LOTS OF UNCERTAINTY, and will impact to the US economy.1.

Does it financially make sense to purchase a home in a city you will be working in for 6 months, do minor updates to and then refinance and rent after you leave.

I feel that this is a stupid question and I should know this but I don't want to be caught with my pants down having an ARV influenced by houses that have no updates.

I purchased a duplex in September and put 25% down but want to do a bit of rehab to the property (new windows, flooring, update some of the kitchen).

It was functional as is, but hadn't been updated since built in the 80's. 

My numbers are really conservative, in Bradenton- Sarasota, Fl, it should be renting a 3/2, corner lot, update it,  for $1550 to 1590 a month, ARV should be $ 150,000 .

Iam in texas, I will update you as soon as I get with the foreclosure attorney who did the foreclosure on this, hopefully they will tell me how they dispurse the extra funds.buy I will love to see someone answer my question.

I have the expenses, it does cash flow as is but needs updating.

Currently updating the cosmetics of the property from paint colors to landscaping.