If you're only doing one off flips here and there this won't work though as you'd be paying extra interest that you don't need to. 

To get started, you’ll need a good understanding of assigning contracts (check your state’s laws), a solid buyer’s list, and marketing tools to connect with motivated sellers.

With loan extension you might have to come up with extra payment to get DSCR in range lender will approve.That is why to go through this exercise NOW and if you know tenant wants 300k TI to extend and bank wants 300k to pay down estimated balance when new loan placed you need 600k to come up with.

Tenant is pretty motivated to pay on time, or the city won't allow them to be there either.

Hi @Rene Hosman -In a nutshell, I find motivated sellers and tenants with damaged credit (or ones without a large enough down payment) and work to put the tenants in the seller's house with an option to buy.

Quote from @Devin James: Quote from @Jay Hinrichs: for us we do very little marketing we rely on MLS what we do to compete is spend an extra 10k or so per house with upgrades other builders simply wont do..

My motivation for a washer and dryer is based on the ease for cleaners to be able to turn the house as easy as possible and I did not even consider what guests would want. 

It ended up costing an extra ~$6k in closing costs but I think we did OK. 

Also <most times> adding a extra bedroom but not adding sq ft doesn’t help much on ARV specially currently being under 1,500sq ft.

Although I am outside of my comfort zone and feel like an absolute tool (I'm lost and that's uncomfortable), my faith, drive, and want to achieve my family and life goals continues to motivate me to get outside of my comfort zone and push for continuous improvement.