We’re just starting out so we don’t have a huge network, but think we can leverage 203kcontractors.com as a good starting place since this is a similar type of loan.

I’ll take  a year or so to refinance those into a long term loan and then use their funds for a different property.

However, there are not a lot of homes with that many bedrooms for rent in the area so demand should be better.

Welcome @Ali Ahmed and congrats on your progress so far!

Not all units have it but we got a good deal with our vendor and 1 bug complaint can cost hundreds so our owners were on board as well.

I live in California so this housing market is not very beginner friendly.

I'm comfortable with all of those, but I know that there is so much more than goes into your return than just those three main levers.Specifically, I'm getting hung up on 1) financing, 2) closing costs on both ends, and 3) holding costs

So borrowers need to qualify for the full draw amount with current investment property interest rates of near 12-13%. 

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.

I sent you PM with my number, please feel free to text me or call my anytime