Hey all.I have prowled BP forums for a while and have gotten lots of good info from it, however I have not been able to find a good forum post for the question below.ContextMy wife and I purchased a fixer upper triplex in May of 2024 and live in one unit and rent out the other two units.

Thanks for your quick response.

For example I would rather buy a property for a $100k discount that may have negative cash flow of $500/mo month for 3 years than pay market value for a property that cash flows $200/mo.

This has never NOT paid off for me. 

For reference, the occupancy for Fall 2020 was 97%, Fall 2021 was 100% and 99% for Fall 2022.  

If you pay half a million to $1M for a home, another $30k for furnishings and then shoot photos on your iPhone, you should be banned from investing ever again.

This should be 3-5 quotes for you to get an idea of the true number for fixing it. 

I use a point system for screening; applicants get positive points for positive aspects, lose points for negative aspects, and I have a point threshold for each property. 

Andrew is my preferred lender and fellow investor I used for my DSCR (and traditional loans) loan for rental properties.

For this service, we start a lead-paint inspection via XRF Gun for the price (average) $450.