And we're still seeing deals here that are positive cash flowing with lots of potential for appreciation.

If I were in your position, I wouldn't worry until proof of the contrary because you should be ok if the business is running well.

If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.

Various sites have been red-tagged due to code compliance violations, including permits not being issued before the commencement of work, construction debris and trash lying around the worksite, plus other reasons.Below is a link to my Microsoft One drive, where I have made available PDF copies of publicly available information regarding their financial position. https://1drv.ms/f/s!

I also wouldn't be where I am today in terms of my contacts and relationships with vendors, to be in a position to self-manage confidently out of state.All that being said, if another deal with the same amount of hair on it presented itself to me today, I would pass simply because my risk profile has changed.

I think there is almost no reason for you to say that it is too complicated when something like a 203k loan can get me a multi family house for a lower interest rate and lower down payment while still being cash flow positive.

If you really want to supplement your income, my thought would be to take out a HE loan (or some other 2nd position loan) and use that to fund a down payment on a property.

Appreciation rates are solid and deals are still positive cash flowing.

Make sure to calculate the difference between the blended rate and an entirely new first lien position.

Software: Stessa for accounting, Deal Check for quick and dirty analysis of potential purchasesMarket positioning: Pet-friendly (fenced-yard, accept dogs and cats), well-designed homes, off-street parking, suburban, full cable TV package (not streaming only)Pricing: Targeting upper-middle market (not budget-conscious guests)So far, so good (since 2020)