The combination of low down payment, owner occupant terms, and the ability to use rental income toward your qualification creates a window that most people only get once. 

This could be a construction loan from a local bank or credit union, possibly combined with permanent financing once the building is leased up. 

Hey Elmer, congrats on getting approved, that’s a big step.A few things to keep in mind when you’re combining an FHA loan with a line of credit:1.

Their appliances are often deeply discounted and still function like new.

That could put a good dent in most incomes.i believe “STR loophole” (ugh) has to be combined with something that provides large passive losses.  

If I had to choose, I’d lean toward appreciation and long-term stability over maximum cash flow, but ideally I’d find a combination of both.For lifestyle reasons, I’d love to be as close to Scottsdale as possible.

Or a combination of step down a bit and USD inflate to meet.

crap I just wrote a long response and the site went down so here is the crib notes.1. ton of competition for investor dollars so investors look for highest returns and work backwards.2. sophisticated investors look at returns as a function of risk.3. less experinced investor tend to be bigger risk takers.4. to raise money one needs verifiable back ground and a deal that is simple to describe.

Separate “must-do for safety/function” from “nice-to-have to increase ARV.”For BRRRR, the only things that must be done upfront are the items an appraiser, inspector, or tenant would flag as functional or safety issues, plumbing, electrical, bathroom addition, paint, etc.

I would certainly look at starting to build your team and connecting with other professionals through the platform using the Build Your Investing Team function up top.