@Cory Tollefson the property that will appeal to the widest spectrum of future tenants is going to be a 3 bedroom, 2 bath home, with a minimum of around 1,400+ interior square footage.

This will create better cash flow and the numbers will then look appealing. 

We have thought for a while that multi family would make the most sense for a long term buy and hold, however there are seemingly more single family opportunities here and the possibility of another single family that we could apply the BRRR strategy is very appealing as well.The home we just purchased has a space large enough to build out a studio or 1 bedroom and know that we want to tackle that sooner or later as well. 

You are right about this type of financing being an "apple" with all kinds of nice appeal, but those other requirements are very "wormy" and would sour me on buying houses.  

Roof, exterior, curb appeal, interiors, electrical, HVAC, parking lot, etc.

Due to too many steps the house is not appealing to most buyers and i cant sell it.

.): $108kARV from Appraisal: $525Note: This does not include Closing Costs (Title, Attorney Fees, UFMP (Up-Front Mortgage Premium, Inspection, 203k Consultant Fees, etc.)So closing up this section, I was semi-pleased with our ARV but was looking forward to the project to reduce basis (e.g. not using contingency) and hopefully add some curb appeal to get a higher appraisal on the REFI.Coming next... the "Rehab"...

We did some major modernization to the home just to bring the appeal to today's buyer.

I have done it it takes time and money for sure and the other party can appeal and if they get a stay then you have to wait long time better buy another house instead. 

The live and flip appeals to us because of the tax break after 2 years, but I was wondering about the wisdom of buying a house to rent, as opposed to buying and fixing it up while we live there.