The reason for this is that existing loan guidelines are set up to favor people buying their primary home.

The city of blue ridge is restricted to existing licenses only.

I've been in contact with your support@bp and also the featured@bp team they canceled my existing membership that had two weeks remaining. 

I share that personal story, not to throw shade on any who have had a bad experience with bad tenants on the program, because they do exist, but to shed light on how effective and life-changing it can be when the users leverage it as intended, and the landlord also gains by housing those types of tenants.

Peace.

Those risks do not usually exist when you own single family rentals - there is no one between you and your investment.  

Whether it be finding a deal to advising on an existing deal.

There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷‍♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.

What's more important is that you learn how to screen properly and then enforce the lease to keep peace in the home.

The problems can manifest over time or can suddenly & disastrously make themselves known.You may be able to extend the life of the existing (repaired) roof with a service called Roof Maxx.