I aim to refinance the loan under conventional investment terms to avoid the high interest rates associated with hard money loans.With an excellent credit score, securing a loan shouldn't be a challenge.

Your goals should follow the SMART criteria: specific, measurable, attainable, relevant, and time-bound.

Remember, everyone starts somewhere, and acknowledging your beginner status can foster genuine connections with seasoned investors who are often more than willing to offer guidance and share their experiences.Local meetups serve as invaluable hubs of knowledge, bringing together like-minded individuals who are active in the same market you aim to enter or are already operating in.

Finding new tenants during the colder months can be challenging, and we aim to avoid any prolonged vacancy periods.Enhanced Flexibility for Tenant Management: Another factor influencing our decision is the greater flexibility it offers our property manager, ****, to effectively manage and find tenants during the summer months.

In strong rental markets, do not worry too much as there are lenders who will finance your loan even if your DSCR is under 1 (but for best terms - aim for 1+) Typical LTV will be around a 70 - 75%.

This last weekend it measured 4 1/2 in on the rain gauge and the water made its way into the kitchen. 

Presumably there are far more investors with a capital need than lenders with capital to deploy, so I'm aiming to understand how best to identify and connect with these investors / deals.Thanks in advance for your advice!

Other tenants have brought it to my attention that he is speaking to them about the situation while using extreme profanity and homophobic slurs aimed at me and my husband; that he seems incredibly angry or almost hostile.

Definitely a lot to learn and dig into, but that's great that you have a clear investing route that you are aiming towards.

Deals like you describe are typically aimed at newbies that don't know anything about reality.Often, you're being sold a Class C or D property that's using Class A or B numbers.You don't find out until after you buy these properties that: The tenants aren't performingThere's a lot of deferred maintenanceTenants are trashing the propertiesThe tenant pool is NOT what you thoughtRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.