The city is growing and the macroeconomics is great - lots of job growth and population growth and major tech companies moving out here and developing like Intel, Google, Amazon, Meta, etc.

., as a licensed real estate agent who focuses predominantly on rent-by-the-room acquisition, the majority of my clients finance their deals either conventional, DSCR, or cash.

I've done a local major renovation.

No destructive testingwas requested or required for this report.

Major red flag for me that they won't give you one.

If it is a legit ESA, it still has to abide by the usual criteria (no barking, biting, and/or destruction, picked up after (we have daily requirement for private yards, immediately for shared/public areas)Good luck.  

For small projects and so for the vast majority of sophisticated investors, the DLT is years away.

If it's in a major city with public transit you can limit the number of rooms that include parking.

We learned that some properties simply require strong market insights and timing rather than major renovations to achieve a solid profit.

The open houses I attended for flips recently - their  costs were around $300,000 for a major renovation  in 2024.