I understand that you’ll need to stash away money for capex and maintenance cost, but putting away 10% from a $3,000 rental versus 10% for an $800 rental in the Midwest does not seem comparable. 

When comparing apples to apples across the board with different lenders you will need to know what the interest rates are, what % down you will be using, what the total lender fees are, any points being charged & what loan product specifically you are looking at. 

I say luckily, as it is my understanding those shouldn’t be too costly to rehab compared to other property types.

Everything satisfied on buyers end.

Every type of non-QM program will have a higher rate compared to Conventional. 

And goes without saying, but do all the inspections and such.While we've technically viewed all our properties before closing, I'm not sure I've added much value by seeing it compared to reading all the Airbnb reviews if it's an existing rental and having qualified inspectors review the property.

I can't seem to find a straight answer comparing the two.  

So please if you are on the side lines and want to change that, join the MNREIA facebook group or whatever is comparable in your area and offer a service.

@Brandon Rush thank you for the insight - I wouldn’t have thought to compare with comps either pre- or post-BRRR!

"Flip" to buyer at price based on comparable comps in the proximity of the new buildTo me this could be done in a way where it could potentially be a double close if I am efficient enough.Is anyone familiar with this, and is there anything that I might not be thinking of that could be detrimental to this strategy?