Then some focusing on one or the other.Where do you think is the point when a borrower should consider to Model out of SFR renovation rehab or Cash Flow and move up into small balance Multi Family or Development.This varies on the business model and investor exit strategy.

Originally posted by @Willie Banks:How would I go about Purchasing bulk REO's and turning around to sell to wholesalers & rehabbersYour response on this will vary based on who you talk to.

Again the price could vary greatly on a job like that.

We do intend to have rental properties in the future but right now recouping our savings is a higher priority.  

I am an attorney, so I understand the lien priority issues.

And, because you want this as a long term investment, its the "place to live" requirements that have to be lower priority.

What you need to do is find an appraiser or real estate agent that has access to actual data on properties, knows the local markets can compare the square footage, finishes, types of construction, lot sizes, property ages, neighborhoods, etc. of varying properties.

Rents for the units vary from $1100 to $1300 or more per month.I am considering a hard money loan to pick up the property and rehab, then refinance with a traditional loan taking advantage of the spread in the ARV.Does this sound logical?

My first thought was multi-family as well, but even that option varies widely depending on the area you're looking to live/invest. 

I know each state's RUB calculation varies but I'm just trying to get a general ballpark.