Moving to a dedicated flip 5, buy 1 buy strategy,  help me move away from a "transactional" mindset , flipping with no goal other than to increase the size and volume of flips (which was becoming exhausting) to a grower mindset.

Buy properties in good neighborhoods that only need light renovation to increase rent.

The value add will be mostly in increasing the projects occupancy from low 70s% to market occupancy (about 94% physical, 91-92% economic).

Of course there are risks associated with that such as increasing your debt, but most HELOC payments are a minimum of 1% of the outstanding balance.

They will crunch in the numbers and let you know the max amount you are eligible to borrow (with higher down payment your borrowing power increases). 

@Mike Calabrese your RE IQ will increase over time and you will be able to do your own preliminary inspections and estimate a rehab in less than 30 minutes.

Will this approved amount change (hopefully increase) after docs have been submitted and reviewed?

I don’t necessarily expect every dollar spent on renovations to translate into a dollar increase in property value.

ahh, i know what APT you're talking about. that area is not too bad. but if they are already being rented for $550, you're going to have a tough time increasing them much more than that.

@Ned Carey: Much of the multi-family housing stock in Boston was built during the city's peak population boom, 1890-1930 (brownstones and wood three-deckers alike), as an upper-middle class response to tenements to increase density.