The rents were at $1000 a door with a potential to increase up to $1250 after some small TLC renovations.When you factor in the price point, lower taxes and lower insurance you have yourself a sure fire cash flow deal.

Factor in hard money loans, high contractor bids for rehabs, etc and you have no deal.

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).

The most important factor in a 1031 exchange is who the taxpayer is for the property.

If not and I have to go out and build the team and organize the deal, I will factor that in too. 

The most important factors a hard money lender will look at, if you don't have experience, is your liquidity and credit score & history (as well as your background -- no liens, judgements, foreclosures, bankruptcies, etc).I would hit up @Michael Cid -- he's a tremendous resource and is a direct lender. 

That, combined with a couple other factors, has me confident that it will get the top rent in the area for any multifamily unit!

It was similar for COVID.When you buy a property, many other important factors are fixed and cannot be changed, as illustrated in the diagram below.

To the seasoned investor, a loan rate of 7.25% versus 7.35% is not the priority when there are other factors far more critical to the success of a rental.  

Closing real estate deals in any economy requires flexibility, adaptability, and a variety of strategic approaches. Here are several key strategies to help close deals, regardless of market conditions:
1. Understand ...