Sellers were motivated to move quickly and we were able to secure a price way below market for an easy assignment to a rehabber.

Amortized: 30yrsRefi After: 6monsRehab Time: 2monsAlso since the approach is the BRRR method, can the initial purchasing money be a traditional mortgage (and not hard money) so it can be a 30yr term.

I agree with the others, the Dave Ramsey Method of snowballing towards debt payments would be great in your situation.

@Chris MasonNot quite it as far as the CCCR comment.Appraisers use three models for value.They also factor in cost to build/replace.They can also use income.To the OP; Ask the appraiser what method(s) they used before you figure out how or if you can change their mind.

What has been your best method of finding good reliable contractors in the Austin area?

Chris...I believe this is in the circumstance of loans made to individuals where the loan is securing a primary residence, correct?

Hope to continue to learn and master the brrrr method for purchasing multi-family properties!

My guess is that it is vacant ask if you have his permission to enter as long as you leave it secure when you are done. 

In Massachusetts - We purchased a 4 family house and one of the tenants did not have a security deposit.

This way we could probably get properties that don't need a lot of work (even if we have the skills to do the work ourselves) and we wouldn't HAVE to use the BRRR method to get a few properties rolling.