Therefore, it should be utilized when you initially purchase the house.

A few thoughts about your analysis:Judging just from the pictures, there's way more than $1k of initial repairs to be done.

For profits I was going to start with 75/25 split on the initial equity from the acquisition and split all profits and expenses from then on 50/50.  

BillNumber=2779&Initiative=false&Year=2019

My initial observations are that I don't see many cheap C/D class single family homes.

Purchase price: $242,000 Cash invested: $17,000 Sale price: $365,000 This was a Live-In Flip investment using our 1st Time Buyer Loan Assistance programs to help offset the initial downpayment.

Here are some initial questions you might want to ask:1) How long have you owned the asset?

Again, you would not be refinancing but actually acquiring initial financing. 

We need all of your pro forma expenses, closing costs, initial repairs, etc.

The second option is to seek private lender from the onset, and secure the initial 50% down payment and pay mortgage to the owner for the next 80 months.