There is also a prepayment structure that is equal to six months of interest (so half the rate) for about five years - this is more common for west coast DSCR lenders (sometimes called "Cali Style"Generally OK to negotiate - but with no prepayment penalty, you are likely going to have a significantly higher rate or points at close

If you are managing the property yourself, then yes, meeting the tenants is crucial, as a credit score and background check can only say so much about a person.

Financial literacy and investing are crucial skills that, unfortunately, aren’t taught in schools.

Conversely, if you're interested in short-term rentals, I recommend using tools like AirDNA to identify markets with high potential, based on the market score of the surrounding region.Additionally, understanding your financing options is crucial.

As someone with tons of hot tub vs outdoor bath experience in hotter markets (Houston here), I think adding some type of amenity like this crucial.

If Fair Housing does apply, make sure you are treating everyone equally.

Does that mean that property rights are safeguarded and that foreign investors are treated equally?

Do the math:1 - If you keep it as a rental, how long would it take for the CF to equal the profit if you sold it now?

However, a clear financial plan is crucial for flexibility and security.

Hey Devin, They can definitely be overwhelming, but they’re crucial for making informed decisions in real estate.As a hard money lender, I often focus on a few key metrics when analyzing deals:ROI (Return on Investment): This is fundamental for assessing the overall profitability of a deal.