You can refinance after just 6 moths.FHA also has a commercial product for 5+ units, but its much harder to qualify for due to a lot of different criteria. 

This is mainly because Mark works for a flooring company, so we get all of our flooring product at cost +10%.  

Relevant to buying non performing seconds, but not really helpful about how to find and acquire such notes.  

So here is how I would set this up: Kitchen: Appliances - $6,000 Cabinets - $10,000Countertop - $70-110/sqftSink - $1,500Faucet - $500Cab pulls - $500 (or $6-10/pull) Install - $2,000Flooring: Floor product (unfinished): (expect to pay 4 - 10 dollars per board foot for anything quality) Floor finishing (sanding, coating etc) roughly $3/Sq ft (as long as you are using a standard coating (polyurethane) if you want to go higher end with an oil or stain expect this to jump to 4-5/sq ft Bathrooms:Demo: $/hour x expected hours Underlayment: Schulter Shower System (approx: 500/shower enclosure) Tile/grout/thinset: 6-10 sq/ftInstall: $3-6 sq/ft Lighting and Electric: (pricing includes installation)   Switches: approx $30/switch  (this assumes a mid range Leviton 3-way dimmer) Outlets: $10 (TR Leviton duplex, GFI where needed and duplex/USB combo in Kitchen Island and a few choice locations) Lighting:Surface mount approx $150/fixtureCan: approx. $250/fixture (assuming old work install by electrician)A little more on why I do it this way: Kitchen: You can figure out exactly how much your kitchen is going to cost before you start.

Thanks for the welcome, guys.Paul appreciate the suggestions ... both books are on my "acquire" list already.  

PLEASE NOTE: For purposes of determining the VA guaranty, lenders are instructed to reference only the One-Unit Limit column in the FHFA Table “Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar year 2015 and Originated after 10/1/2011 or before 7/1/2007”.Here is a link to the VA site where they have the loan limits;http://www.benefits.va.gov/homeloans/purchaseco_lo...For 2015....FHA Basic standard mortgage limits are:Single - $271,050Duplex - $347,000Triplex - $419,425Fourplex - $521,250Fannie Mae/Freddie Mac standard mortgage limits are:Single - $417,000Duplex - $533,850Triplex - $645,300Fourplex - $801,950FHA Basic High Cost area limits are:Single - $625,500Duplex - $800,775Triplex - $967,950Fourplex - $1,202,925Fannie Mae/Freddie Mac High Cost are limits are the same as FHA for 2015:National Housing Act provides mortgage limits for Hawaii up to 150% of the new ceilings for 2015:FHA and Fannie Mae/Freddie Mac both are:Single - $938,520Duplex - $1,201,150Triplex - $1,451,925Fourplex - $1,804,375

I go through an independent insurance broker who reps several companies and he feels Safeco has a great product.  

That being said, I will have the capital to potentially acquire something larger.

Others will only provide a finished product.

@Glenn McCrorey Here in Jacksonville, FL, I have came upon a HFH house that I have been trying to acquire.