- it's always good to see another Hoosier utilizing this great site!

Costs less to buy than build typically unless you are the builder.

If you purchase the property with cash and then want to refinance the property most lenders typically require either 6 or 12 months "seasoning" period.  

Typically looking for 10-18 percent return after expensesHope this helps.

Thanks Account Closed, what kind of company typically does these types of inspections?

With the landscaping, I typically go for properties with light landscape.

.- it's always good to see another Hoosier utilizing this great site!

@Patrick Philip,Well, banks are "flush with cash" these days, but no, they do not have unlimited funds.Also, when banks lend, they impose certain restrictions on the loans, the borrower, the collateral, the terms of the loan, etc. so the note can be sold in the secondary market or be insured by government-sponsored agencies like Fannie Mae, Freddie Mac, etc.Private lenders ("OPM") typically don't write loans to sell them, and typically are interested in the deal rather than the borrower's details.Using OPM down usually means putting some kind of partnership, joint venture, etc. together so the source of the down payment is less of an issue or a non-issue to  the lender(s).Dunno if that helps...

I typically spend 25k per rehab on a REO. 

These are based on property cash flow (not DTI) and borrowers FICO.Portfolio loans typically require a minimum loan amount of $300k, 1.20+ DSCR, and are amoritized over 30 but due in 3/5/7 years.