I make the points more for new landlords because they don't know how to be a landlord yet and are more likely to not get rent on time because they don't have processes.

That means an 800K purchase and a 200K rehab (1 million invested) can result in a 400K tax credit that results in 360K CASH back in the pocket of the investor.  

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.

Be more thorough with your turnover process.

Purchasing a fully furnished 3-bedroom home minutes from a large hospital and a SUNY University.Whom (at the hospital) would I contact to determine if there is a market for mid term rentals.

Make sure you understand exactly what they want to see and when, all through the build process.

What's the purchase price? 

It depends.On the property, the location, purchase price, demand in the location etc.Yes you can make it work but you must do your do diligence and run the numbers.

Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?