The appeal with 203K's is the initial purchase price but if you are a first time buyer I personally would recommend going with FHA or Conv. if you can. 

Listing site estimates roughly $1,700 in mortgage, insurance, & taxes with 20% down.What are your initial thoughts?

So I was initially going to sell my house but the buyer backed out due to roof needing replaced and didn't want to negotiate... that being said I am thinking about refinancing it instead to lower the payment and get rid of PMI so I can cash flow the property and hold onto it.

View reportThe scenario is that we'd use our own cash for initial down payment and some reno... and then refi and hope to pull out equity to repay ourselves and get ready for the next deal.

A good number will vary based on the current market and the size of your metro area.What is your maximum LTV and Initial Funding?

A good number will vary based on the current market and the size of your metro area.What is your maximum LTV and Initial Funding?

Great selling point for new owners.You should also look at initial costs so that you get that money returned when you sell.In the past, the Mini-Split equipment was much more expensive.

Inflation is constantly eroding buying power, so your initial cash flow will be the highest you will ever receive (adjusted for inflation) from that property.

No, not for the initial purchase.

Here's what you would have (assuming for the sake of this example you bought all 5 in year 1, this would obviously be different if you bought 1 per year):-Houses are now worth approximately $210K each - so assets of $1.05M-The initial principal on the mortgage of $150K per house has been paid down about $14K each - so $136K per house x 5 = $680K-Net equity of $370KLastly... you're not going to net cash flow $1000 per month on a $200K house that has a mortgage on it.