Find ways to cut expenses.

You assume the individual with a good application will keep the other straight and choose to rent to them.

I woke up today with plenty of "Price Cuts" from the listings.

Go straight to apartments.

If you're located in Chicago, I recommend checking out the Straight Up Chicago Investor podcast and other resources they have on their website.

Private money, depending on your relationship and level of expertise, could lay between 8-12 percent straight.

But typically they DSCR are pretty straight forward. 

Contact the tenant, have a conversation about retaining a portion of the deposit (probably going to have to cut them a break), get them to agree, put it in writing for both parties to sign, and send them the remainder.

The irony is most investors who form LLC's do not operate them correctly, fail to obtain appropriate types or amounts of insurance coverage, fail to understand their coverage exclusions, take short cuts and don't obtain permits, use unlicensed and uninsured vendors,  fail to execute contracts with same vendors, don't understand the mechanism of additional insured status, indemnification etc. and are actually more prone to claims and conflict with their LLC than the individual who does not own real estate in an LLC but understands these tools I mentioned.

With the expectation of entering a rate-cutting cycle, there’s potential for more favorable refinancing options as rates decrease.- Valuation Improvement: Allowing time for property valuations to improve as interest rates drop.Budget ConsiderationsIt's crucial to budget adequately to navigate projects to a safe point, typically requiring an 18-24 month budget.