There is an HOA for the association for a total of 10 units.

The minimum rate of return you should aim for in a house flipping venture depends on various factors, including the local market conditions, your level of experience, and the specific risks associated with the property.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I also volunteer my time as a board member of the RPA (Rental Property Association of Wisconsin), a non-profit REIA and we focus on education, landlord-tenant law and lobbying on behalf of landlords in Madison.Networking is important especially in the beginning, because it gives you confidence to see other people's success when you are getting started.

@Dan Abts I believe @Matt Carroll is associated with ConnectLinx, however, I just wrote the following post titled: "2024 Rentlinx Alternatives - Snake Oil or Real Leasing/Rental Syndication Providers" breaking down my journey trying to find an alternative to Rentlinx.

Here's a link to Lundberg and Associates, they're one of the top foreclosure law firms in Utah: https://www.lundbergfirm.com/f...Are you looking to do foreclosure deals for yourself, or for your clients? 

The local Real Estate Investors Association (REIA) puts on several meetings a month, and covers a variety of topics. 

Also, account for all the tax benefits of ownership, such as mortgage interest deductions, depreciation, and deductions associated with expenses.

Does anyone have a good spreadsheet template for tracking all expenses associated with rehabbing?

Hello Kailey,TNT Funding Associates LLC is an independent loan broker and financing advisor located in Florida.