I also have to agree with Lionel, taking on large Pre WWII rehabs from out of state is usually a very stressful undertaking.

@Shaun Draughn Lionel Finley went into depth about this very subject at a TREIA meeting last week.

@Lionel Li thank you for the tip, I didn't even consider refinancing.

Hope this helps, Lionel.

., @Lionel Mosby Jr, @Ronald P., @Charles Large, @Kanwar Sodhi, @Jeremy Davis, @Cesar Arciniega, @Carolyn Chupa, @Spence Kal

Hey @Lionel Li and @Jim Murray,Thanks for sharing your data points, it's really helpful to see what others are doing and compare notes.From my previous life, I calculated time charters for ships and the calculations we were making are basically the exact same (in principle, not specifics) that we are making for our rental properties.  

@Lionel Li thanks!

@Lionel Li  Thank you Lionel!  

Hey Lionel.

Hey @Lionel Quiambao!