From my perspective, the new builds are so competitive with both the prices, closing cost assistance and rate buy-downs that they are a clear choice for anyone looking at turnkey options. 

Since the property is there, I can only do investor loans in AL, but from a consumer standpoint you can do Conventional, FHA, VA, and USDA as a renovation loan where you take the cost of the property plus the cost of the renovations as your purchase price up to the value of an "As-Repaired" appraisal.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

They agreed to disagree, and the other fellow was doing a variety of things Bill refused to do, which cost people a lot more money.

If a seller is offering $10k in assistance but the PP is only $189k on conventional a loan with only 3% contribution allowed, what are all the options for the for any of the left over contributions after. paying closings costs ?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

So more vacancy + higher turn over costs quickly eats into the C and D returns, often yielding returns only marginally better than A or B assets.  

Be in the same game with them as investors and then be able to help with your license as you learn.The best thing about having a license as a new agent and investor is that you can go see all of the vacant properties on the market (don't bother tenants or homeowners if you are just browsing), ones for investment and flips, so you can start to get some market knowledge.

Before submitting an offer, contact the Condo association to understand whether the property is non-warrantable (will require Non-QM financing) or warrantable (Approved by Fannie/Freddie) as that will impact the rates and terms you’ll qualify for  Lenders consider all costs when calculating your DSCR so get a head start by asking the association for HOA fees as this can really impact your ratio.

Hey @Tim Kubiak - Congrats on jumping on BP and getting in to the real estate game!