If you cannot move a deal, then using list source to find 100% equity, absentee owners, with purchase date  last 3 to 6 months in that specific zip code are your cash buyers.

If you renovate and pick good tenants I would say you only need $75 per door for repairs, but that is if everything is up to date and installed correctly. 6.

Properties listed for sale in the six months preceding the disbursement date of the new mortgage loan are limited to 70% LTV, CLTV, and HCLTV ratios (or less if mandated by the specific product, occupancy, or property type – for example, 65% for manufactured homes)"... https://www.fanniemae.com/content/guide/selling/b2...Is the higher 75% LTV ratios that you mentioned only referring to SEASONED (SFR) refis?

5) are the property taxes paid up to date ?

It is your choice to set your payment requirements, regardless of your choice it is always the tenants responsibility to insure they have delivered the payment to you by the due date.

On the other hand, if the exterior is not dated relative to its surroundings that is a plus.Assuming the building is bringing in right around $20k/month right now, that should cover the mortgage.  30% down would be $750k and you will probably need a few hundred in operating funds.  

Great post WesDerek...I took a look at the 275K and it is actually 3/2 and 2/1 with more square footage with 1 unit updated and the other dated.  

Cash out refinances where the subject property was purchased within 6 months (measured from HUD-1 date to the disbursement date of the new mortgage) when no financing was obtained for the purchase are allowed under the following parameters:  

You don't need to tell them anything, other than their tenancy is going to end on x date, and we can set up an appointment for a walk through before discussing your security deposit

LIFE-CHANGING ACTIONS here.STEP 1-20.You need to get you personal home rent-ready... not overboard updating, just rentable... clean and painted etc.Fix any leak faucets, loose doorknobs etc NOW, so that when your PERFECT tenant moves in, they won't be calling you to fix those.Put in new 5 Year Lithium Battery (write the date installed ON THE OUTER SHELL) of SMOKE DETECTORS (draw faint red stripes across the front outer shell of smoke detectors-- red means fire or smoke-- when the smoke clears (if the house didn't burn down) it's ok to reset the smoke detector and finish cooking dinner.ON CO DETECTORS (draw faint gray stripes across the front outer shell of a CO--teach your tenant the gray stripes mean DEATH-- if that alarm EVER starts beeping, they are to immediately raise windows , open doors and call you---even if its 2am--- A REPAIR MUST BE MADE or people can DIE-- little children and elderly go first