You can charge more, the furniture is already there, and if the house is stunning then it could get attention.

I see that you recommend NOT having my mom deed the house over to me in order to borrow against it.

Ultimately you need to understand the underlying economics, psychographics and demographics of the market you are purchasing in to know if and how you can re-tenant the property.I'm a bigger fan of dollar generals or family dollars that are in multi tenant shopping centers. 

@Connor Meehancan you house hack instead?

@Frank Alfano agency debt is very competitive (75-80 ltv, non-recourse, fixed-rate etc); you can syndicate and raise the equity portion needed from friends and family, provided you can market and lead the project.

For myself hands down the fastest way to get to Fi is via house hacking. 

@Felicia Nitu- Hopefully investors can figure out how to create new housing under SB 684. 

Market being hot helped and no permits to deal.

Much like other markets in the Midwest, investors go to our market because of the low barrier to entry.

. 🎢 Market trends, investing methods, and economic situations are like a rollercoaster—they constantly change and twist.