So I did this - and there is no legal minimum, but banks may have a minimum in the contract for the loan.

Investment Info:Single-family residence private money loan investment.

I would say do a combination of Hard money loans and private money loans then Refi to the credit union and local bank terms.

The management company indicated that 35% was a good rule of thumb for expenses but that seems way too low after reading many posts about the 50% rule.Financing - a 10% downpayment on an FHA loan, with 4.75% interest, and $268 of PMI each month for 132 payments.

,I'm currently getting a loan through Guaranteed Rate, which is requiring me to do a replacement cost homeowner's policy.

Taking a $50k loan from your 401k isn't a huge deal if you have $250k in it, but it might be something to think harder about if you only have $100k in it.

What are you thoughts on a 203K loan?

I currently have an FHA loan on my primary residence, once the 6 months was over I was going to sell my primary house, apply for a conventional owner occupied loan and purchase my flip house- I read I need to wait 12 months if I go FHA?  

@Crickett RickenbacherLandlords can't deduct their own labor.

But be sure you're on the loans and the transaction somehow so that you can start building your experience.