Here's a clip from the article in the Gazette:  Colorado Springs continues to be one of the country’s hottest housing markets, a federal report released this week shows.Local home prices spiked 11% in the fourth quarter of 2019 when compared with the same period a year earlier, an increase that ranked No. 2 among the nation’s 100 largest metro areas, according to the Federal Housing Finance Agency.Only Boise City, Idaho, with a 12.7% gain in home prices, had a larger increase on a year-over-year basis, the agency’s report showed.

Will you pay half of the mortgage payments during periods of vacancy?

While I am sure this might happen, sellers dont have to accept any offer and many times the offer that is accepted has what the seller wants - for example a fast close, short contingency period etc. lots of times its not about being top bid, but the ability to close. 

@Darshil Parikh Given a 2-3 year period, what kind of numbers would you like to see?  

87% of people who get a real estate license do not even renew it on the first renewal period. 

During our due diligence period, I wanted to go bigger and as luck would have it, there was a 16 unit property on the market.

During our due diligence period, I wanted to go bigger and as luck would have it, there was a 16 unit property on the market.

(The first bank also has a 6-12 month seasoning period, case by case basis, according to the loan officer.)

If you can justify it, document it, it's tax-deductible, period.

ARV is approx 450k according to recent comps, maybe a little more since it will be rennovated (i will do alot of the work bc i am a contractor/plumber)  So my question is, is there enough skin in the deal to buy the house for 300k with an fha loan (not a 203k), rennovate it with my money (approx 50k maybe little more) and then refinance after the 6th month seasoning period and pull some cash out, if possible.