.• $60k purchase• $35k rehab• $95k total rehab loan payoff• 15% deposit = $14,250 "down payment"• $126k ARV (confirmed via refinance appraisal, borrower expected this to be higher)• 80% rate/term refinance ($100,800 loan) @ 6.75% [700-719 FICO]• Applied $4k of deposit to payoff for an updated payoff amount of $91k• Cover closing costs with 80% r/t refi + $2k back to borrower at closing (still considered a r/t refi if under $2k) + remaining $10,250 deposit reimbursed after payoff = $12,250 total back to borrower• $4k of his deposit + closing costs for rehab loan = his "cash" in the deal• $1,250 market rents• Total PITI = $765.62• DSCR = 1.6327 I do not see the hold costs.  

The 4th R (refi) is vital for the 5th R (repeat) to happen.

@Ricardo R.

I posted the link above , here it is https://www.zillow.com/homedetails/6829-Shadydale-Dr-North-R...Realtor only options he says is reduce the price , thats the only thing they suggest 

Fixing broken cabinet doors, removing 2 dumpsters of trash, pressure washing house and concrete, r/r dead plants/tree, fixing all the landscape sprinklers, 1/2 a dozen blinds, a few new light fixtures/bedroom fans, and bunch of wall patching, cleaning/painting.

Hey @James R., I have had several of these and all went without issue. 

Quote from @Tom R.: I just put an offer on a fully rented duplex.

Quote from @Andrew R.

In fact, we have an emergency option on our call-tree and over 90% of the time it is used, it is NOT an emergency.FYI - in the PMC industry emergencies are referred to as, "blood or flood" issues.

@Bee Nguyen I just gave @Ricardo R. a VOTE on his response, something many poster FORGET to do!