Self managing is great to reduce expenses.

2nd mortgage loans and HELOC rates could be even more expensive than a simple investment cash out loan.

Here is the form that should be used for all Fannie/Freddie loans:  Rental income worksheet Make sure you have someone who knows what they are doing before you default to a more expensive DSCR loan. 

This will be an expensive purchase. 

Is it better to get an expensive foundation engineer at a few hundred dollars / hour for an assessment, or a foundation / stone mason contractor in to take a look?

For instance, instead of a straightforward 50/50 split, think about dividing expenses based on space.

This is what I suggest for the average person with a full time job and limited time.Of course you have to do all of the other personal finance stuff too like living below your means, reducing your means/expenses, and increasing your income with a HIS (high income skill).If you are going to flip just make sure you have 6-12 months reserves to live on and to carry the monthly private or hard money payment while you're in the midst of your project so you're not left out high and dry.Best,@Matthew Kwan@Carlos Valencia

The expenses/Seasoning would be detrimental.

We had many clients looking into both markets, and come back to Brooklyn/Queens because of high expenses.

A lot of people cap the utility expenses then backbill the guest for any amount over the cap.