I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

Quote from @Roger D Jones: Quote from @Fred Scott: @Roger D Jones:  Any insights on why the North Carolina purchase in Fund IV makes you nervous?

I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.

Hey everyone,I'm in the process of purchasing a multi-family apartment building and just discovered none of the current tenants have any kind of move-in inspection. 

Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

However, due to keep purchasing real estate, my DTI is high and close to 50%.