If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The deal makes sense financially however the house is in a flood zone A and flooded during this past hurricane season.

From a financial perspective, the numbers look attractive—many of these properties show a Cap Rate of 6%–8% or more, which is quite decent.For example, if a Dollar Store property is listed at $1.2 million with an average Net Operating Income (NOI) of $90,000 per year, financing 50% with a 6.5% APR, loan would still result in positive cash flow from day one.

I do emphasize on showing that my 1800 property is not going to magically become modern. 

Hi Seth,The BRRRR method can be a powerful strategy for building wealth, but it's crucial to approach it with a solid financial plan.

But when you got $40k, $75k, $125k, you're not gonna become a financially free anything via buying index fund's and ETF's, your just not.

Have you had tenants who seemed qualified on paper but turned out to be financially unreliable?

I’ve heard from many (non-experts) that I’d need to stay for at least 5-7 years to avoid taking a significant financial hit, but that feels like a waking nightmare given how much this issue affects me.Financially, renting it out isn’t an easy solution either.

New investors might think they are salvaging an investment when in reality, they might be complicating their financial situation.Ultimately, the decision to cut losses is not just a financial one; it involves a careful assessment of emotional factors as well.

Melisa Justice, and she helped me navigate the entire Journey, it was a process not too long, it took about a month, and the process would have been definitely very hard being that I was on a different state by Melissa made it a lot smother, she was very responsive to all my questions (and I had a lot of questions), she helped me find a lender that would fit better for my financial situation, once I was pre-approved she connected me with the right property inspectors, and all through out the process she kept in touch pointing me the right direction all the way until closing day, all this to say I Definitely recommend her for any body the is finally ready to take the plunge and get started with their real estate carrier, I definitely will get in touch with her when I'm ready to buy my next property!