So is a 40% operating expense ratio more realistic, Josh?

Lots of leg work, calls and emails, but if you can find a few deals that could get you started with enough capital to get into your first deal on your own.

The good subs in your area will likely have plenty of work already and may not even return phone calls.

Ive owned property before so its not super scary to me, but I am far from experienced enough to see the intangibles that may cause problems down the line.

So just foloow state law and start the process......better sooner than later. 

Hey @Brandon Wallace so first, you are managing a Short Term Rental, not an AirBNB.

And nobody is paying more than 550k for that cabin even with it being new construction.Its been a couple of months though so I'm curious to know if you were able to sell it or not and if so at what price.   

Sub2 is for criminals and con artists.A detective needs to learn how to analyze crimes so he can know them when he sees them.  

What I’m Looking For:Loan amounts $50K or less10-year or 30-year mortgage terms (not just short-term fix & flip loans)Ideally 100% financing or very low down paymentA lender that finances buy-and-hold rental propertiesWhat I’ve Found So Far:I’ve come across a few lenders like RCN Capital, EquityMax, and some credit unions, but they either:Have high closing costs ($3K-$5K+ on a $30K loan, which is crazy)Only offer short-term hard money loans (12-24 months)Require large down payments that don’t make sense for small dealsI’m open to hard money lenders, DSCR loans, or any creative financing solutions that could work for these lower-price-point properties.Questions for You All:Do any hard money lenders offer 10-30 year terms on $50K or lower loans?

@Alev G.Analyzing deals can be the most stressful part because of the assumptions that have to be made and there are so many unknowns that can change a deal from good to disaster.