Are you rehabing these multi-family properties that you own or are you buying them already fixed up and rented out?

Account Closed  I'm primarily a Columbus and surrounding area investor doing mostly fix and flips. 

@Andrew Wilson a couple of things here:If you are using a Fannie/Freddie loan (those are the ones with the lowest rates on a 30 year fixed) then the cash out limit on a 2-4 unit property is 70%If you are seeking cash out in the first 6 months, Fannie/Freddie loans will have some pretty detailed restrictions. 

I want to start a fix and flip business in the Denver area and need to talk to a good CPA about how to structure the business. 

Now, they don't typically give out 30 year fixed  loans  for commercial properties, this is something i am slowly learning, but then again thats something you can figure out along the way

When the plumber came over to fix he stated right away that it was from the water freezing up in the pipe and then splitting the pipe under enormous pressure.

I have a 30-yr fha fixed mortgage at 3.5%, with PMI of $256 and monthly payment of $2,595.  

This includes maintenance costs (to fix things and also to spruce up the place when a tenant moves out, called move-out or turnover costs) and vacancy (for when you have an empty house between tenants, for example).

Seems like a simple fix but not sure what will be behind the wall.

The house needs some fixes, but they really aren't major, and i could do them myself.