That is impressive with attaining over 100 doors & starting out over there 

Thanks in AdvanceFlipping houses can help you earn high returns, but making $120k a year with your capital depends on: Market Conditions, Property Selection, Renovation Costs. 

Someone more experienced may chime in, but my impression is that at a certain point, you're putting less in reserve for expenses/maintenance because you've already got a chunk of cash stuffed away, and the likelihood of "all" or even a high percentage of properties having major repairs all at the same time is much lower than one or two lower end properties while we're starting out.

I'm using the ENEMY method, AirDNA, Mashvisor, Revedy, and Pricelabs for comps and analysis.I was able to select the market and community that is marketed as vacation rental homes and most of the houses are set up as STR.

We have bought through this realtor before.I selected a Buyers broker to represent me, versus working with the Owner/Realtor to buy his ground. 

Even relatively modest investments in these areas can yield impressive returns.

And I'm projecting here, but it seems like the banker went through the list of named loans in their head like FHA, VA, jumbo, etc and wouldn't have "DSCR Loan" in a drop down list to select, as if you were asking for a FHA loan, so was stumbling a bit.I'd maybe suggest asking more about how the loans are underwritten when speaking with a mortgage officer and if saying "DSCR Loan" doesn't seem to get you traction, maybe ask something like "well, I was hoping that my request could be looked at from a DSCR perspective as well as any other underwriting you do for the best chance at approval because of XYZ."

Hi everyone - first time investor here! I'm looking into buying a $400-450K single family home to convert into a STR. Would appreciate any input on where to invest - Henderson, NV or Phoenix/Tuscon, AZ? Does anyone ha...

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

With the selection on PM's, I mean this respectfully, maybe you do not understand how to find a good PM.