@Andrew Katz new construction in a Class C neighborhood?

A couple of months ago, I purchased a property using a hard money loan for $115,000.

Do you want to be a landlord?

@Esther Iroko are you a gambler? 

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.

My vision is for this meetup to be informal and organic.

Start by formalizing a lease agreement, evaluating potential renovations to maximize rental income, and deciding on a rental strategy (short-term or long-term).

Feel free to inquire about their staff qualifications if it's a larger organization.2.

A very encouraging post!

From what I’ve learned, investors often use a percentage of gross rental income as a baseline—usually around 10-15%—to estimate maintenance and repairs.