We make $205k combined.

And the middle man well they usually have their dough and no personal liablity and could give two craps if it works or not.. thats reality on many of these and how its going to play out.This all works for the very well capitalized company that can handle these things.. and I am not sure in Texas if on the wrap you use an all inclusive Deed of Trust like I used in CA.. thats a great deed of trust it does give the wrap seller standing to start a foreclosure on their own while still making the payments.. it also precludes the slimy sub to buyer that may just take the wrap buyers payments and default to their seller I have seen this happen many many times and bailed out more than 10 of these.  

My short term rentals are in Arvada and my MTR is in Thornton.. they all make a combined total of about $250k in revenue annually...

G'Day guys,Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷‍♂️I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.So there's that lolJust picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)$160,000 purchase price$50,000 rehabCurrent rents are $3,000 per monthOptimized rents will be $4,000 per month.BPO before purchase $220,000 - $250,000ARV $350,000ARV with interest rates at 6% potentially $400,000+Cashflow = S#%$ load $$$Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lolYep, it was one of those.All in all, great deal and they are definitely out there.Working on another one now that will be converted into a duplex and is located in a top notch school district.Somehow picked this one up for $20,000 and needs $45,000 in rehab.ARV is $110,000 conservatively Combined rents will be $1,300pm.Ohhh yeah, almost forgot.Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.ARV all day long is $80,000.Says WHO there aren't any good deals???

The proximity to lake Tahoe and Ski areas combined with tech companies like Tesla in the area there is a stream of people that come to the area.

I increased the maintenance and Capex for a combined 20% ($5,832 anually), vacancy 8%.  

A blended rate is a combination of interest rates on various loans that gives the total amount of interest on loans aggregated in one.For Example:Loan 1: 10,000.00 @ 4.00% InterestLoan 2: 5,000.00 @  9.00% Interest You're blended rate would be 15,000 in debt @ 5.667%

This, combined with putting 20% down at 4.375%, allows the place to cashflow nicely.. all things being relative.

Lastly, cities/towns that have well thought out city planning and/or strict zoning if combined with the aforementioned characteristics will almost always lead to supply pressures that work in your favor. 

Combine that with appreciation and it could be a viable option.I also know of two different multi family properties right near the heart of Kailua Kona that are on the market as well.