Know your close date and time line to turn the EM.

My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

I used the lower of rent amounts for analysis. https://www.biggerpockets.com/analysis/rentals/ee5f6928-93ce... is link to the BP Calculation on it.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

We filter thousands of loans each year and underwrite, close and fund hundreds of those per year.

These markets are attractive because of their diverse, resilient economies, lower priced homes, and stable home price appreciation.

Build - Rent - Refinance - Repeat the new BRRR with also hotel development and growing our land entitlement side. hotel development is simple, easy, and has institutional level backing. we really like extended stay development and just came from a hotel conference in Los Angeles. hope to close a few deals this year over 10 million 

We have worked closely together on several occasions and she's been fantastic!

While I could have gone lower I am lowering my risk tolerance because I expect a recession in late 2019 to 2020.

In terms of other factors, I'm not sure there's a lot because I did have some people express interest in filling out an application before, and I actually got really close with one potential tenant, but it was because of the alcohol policy that he ultimately decided to back out.