The down payment is minimal.

Sorry for the delayed response. 

If I were in your shoes, I would delay worrying about buying a rental property and focus first on getting rid of bad debt.

Closing is supposed to be this Friday (obviously getting delayed) but would like to get a general idea for what it would cost to replace a ~1750 sq foot roof.  

Secondly, it is very passive and hopefully you have a management company that has minimal fees.

I found someone who says she does delayed finance, has access to portfolio loans that close like hard money, and has 203B.

@Jeremy England You can cash out under delayed financing exception any time after completing rehab if the property was purchase with cash or personal loan.

My question is once the year is over, assuming that I purchased the property under market with minimal repairs and I am able to pull out the equity.

I am glad to be in Vegas where these changes are minimalized or not a factor at all like the S.A.L.T. cap.

I've been reading everything I can find and listening to the podcast, but I still have a question.If I go FHA at 3.5% down to minimize out of pocket cost up front, how do I have the equity to refinance into a conventional in only a year or two?