Fewer lenders in that space will do 5+, but the ones that do only require it to cash flow a 1.2 DSCR, decent credit, and a healthy market.

This is perfect a healthy window to shoot for. 

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

Therefore, if you have a variable interest rate mortgage, you must budget for fluctuations in the financial market.Maintenance & repairsBudgeting maintenance costs is vital to maintaining healthy cash flow.

They charge $500 a month plus a $350 set-up fee plus whatever you spend with Google or Bing to run the ads.DIRECT MAILIf you have a pretty healthy budget to spend, then direct mail might be a good choice for you.

Dont think having my insurance fix it is fairYes it is fair as long as the trees appear healthy.

The reality is you need to move off a few factors---fast solutions have slow problems, due diligence, have a healthy safety blanket reserve wise. 

I'm familiar with a few areas more east that perform very well and there are some active vacation rentals with healthy income records on the market there as well.

Also, improves your position in pricing should rent prices turn bearish unexpectedly during your vacancy time so you can be flexible in pricing in negative economic environments.Con's are more on the side of the whole concept of using the long term locked-in period with the bank essentially utilize inflation to 'short the dollar', as well as the more rapid diminishment of the mortgage interest paid tax advantage.All in all it is safer in a lot of respects to get to that property free and clear, but the major downside is missing out on the additional value that is derived from the power and monetary benefits that come from having a healthy expose to mortgage and other forms of financial leverage.

When rates were low 3's, they said any day a crash was coming.When rates jumped to 8%, they said any day a crash was coming.During both markets, the foreclosure rates and prices remained healthy and strong in most markets.Inflation has come down, 9/10 markets are up YTD in prices, and rates have come down from 8% to upper 6's.