If you're planning to sink $30,000 in rehab costs into the property up-front, I'm guessing it won't qualify for a conventional loan right away, and that you'll need to initially borrow from a hard-money / portfolio / private lender at a (much) higher interest rate, and then refinance once the property qualifies for a conventional loan.Lastly, nice job being thorough in your expense itemizations. 

You just can't expect to cash flow on an initial purchase with a low down payment.

It's a single family, very close to the campus and will be use initially as student housing.

My initial comments above suggest that every investor identify for themselves their priorities.

Anyone want to share what the typical initial offer that you give (as a percentage of the asking price) on BRRRR's?

One of the hardest things about investing in real estate is that initial fear, you've got this! 

Lots of listings state seller will not do any repairs, however, if you uncover hidden items not present during standard initial walk through, you can certainly re-trade the price to cover the added costs.

I have family in Utah, 84414 some who are expressing some interest in real estate investing too, but I have not been there in a decade, but initial search is showing some depressed areas, but high crime areas.  

Hello,    I am currently working through the initial diligence process for making my first multifamily (2-5 units) investment and am currently weighing the pros vs. cons of investing within my local market (MA, NH, or RI) vs. out of state - where there are likely higher growth (Orlando, Tampa, Dallas, Raleigh) or higher cash flow (Cincinnati, Cleveland, Columbus), but for which I would likely need to establish and rely much more heavily on partners in identifying opportunities and for ongoing management.  

I am currently house hacking a duplex and was curious if I can ReFi (cash out) at the 6 month mark or do I have to still live in the unit for 12 months as I agreed to initially when I took an FHA loan.