Would this work for BRRRR

[Caleb Scott]

So say I find a rundown multi family. Is it reasonable enough to do a 203k loan, so that I can tie in my rehab costs with the mortgage, and if so how is the amount allocated for the rehab assessed and approved? Do I choose? Also is it reasonable to do a brrrr house hack? And if so when I refinance (if all goes to plan) at the 6 month mark, could I move out not currently having to go through an entire year to fulfill the usual FHA terms? Or is it new loan new rules allowing me to move and put the money from that deal into the next one?

Thanks for the help. I feel that If I can pull off one successful investment that makes monthly cashflow I’ll be able to just repeat and learn and be able to support my girlfriend and I and give us the life we’d like.