It's just a jumping off point, the goal is to make initial connections and build on them later, one on one.

I could then refinance the loan to pay the initial lender.

The amenities continue to improve and there are still several massive public/private initiatives in the works like the Hostess block and the East-Central plan. 

As least it's a reasonable guide for initial assessment + 10-20%.

My initial thoughts are small commercial lenders (credit unions), commercial realtors, real estate attorneys, commercial developers, and civil engineering firms.

Go find another house, move into it... wash, rinse, repeat.The key is getting financing  on the initial purchase. 

Purchase price: $40,000 Cash invested: $10,000 This property was purchased for cashflow, and it has been very profitable with only minor renovation and initial investment What made you interested in investing in this type of deal?

This made me an enormous cashflow since there was initially nor mortgage (about 900/month).

Since you can get at most 75% LTV (based on the appraisal) OR the full amount of cash you put into it up front (purchase price, rehab costs if they are on your closing docs from the initial purchase, and even closing costs from the purchase), you could say that the sweet spot for DF is if 75% of the appraised value is right around your total up front costs (given that you've included rehab!)

My initial plan is to start with wholesaling and then expand into Multi families in the future.