With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers

@Christian Hwangjust curious - if what you're doing is working, why not continue doing it?

After five years, I am willing to buy the other owner out or they could stay in and continue earning and enjoying the property. 

And so the cycle continues, and the standard of living in capitalist societies steadily improves... at least in markets where new construction is allowed.

I have been investing in trust deeds for over a decade and will continue to do so because I believe this is one of the best ways to invest your retirement funds.

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offersDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

There are no write-offs for decpreciation, no continuous rent payments and so on.I appreciate your reply. 

I think as people are able to choose to work places that have better weather places like Cleavland will continue to decline.

Anyway thinking for a bit we will continue on this path and look for more old houses but, of course, the price has to be right vs the amount of work that has to be done. 

Yet they still continued to raise funds for NCM even though it was a losing venture.