Ongoing MaintenanceMaintenance costs have a major impact on profitability.

I ran more numbers....being my first property I really want as much conservatism in my analysis as possible to make up for any noobie calculation mistakes.

Obviously I know the .97 part because I ran that particular credit report past FHA a bunch of times to find their cap for that particular credit report, and it turned out to be 46.99%.

or NO money down no credit 100% loans at again a rate that sucks you in.. then they want to ding you for little fee's and basically turn you down.when I ran my shops I eyeballed each of my borrowers.

I ran into some of his representatives at a the chicago rei expo few years ago.

I hadn't planned on going down the BRRR route but that looks like the best option.

They only require 3.5% down and you can roll repair costs into the loan, as well as up to 6 months of mortgage payments while renovations are ongoing.  

Just keep on going no matter what.  

Just keep on going.  

He might do the work of rehab while you do the ongoing management, but still operating as a single company.