There were some complaints, but they paid their full rent and then the increased rent when the jobs were done.

Its a 4bed 4bath, and the plan is to do a light rehab after the current lease ends, get new tenants and increase rents a little bit.

Biggest take away is permitting timelines continue to increase!

Put up other collateral or increase your offer.

Any thoughts of increase visibility for a rental property in Virginia?

There has been a flight to the more quality areas of Austin.I agree on us having hit the bottom, time will tell but I think we'll see demand increase and rates decrease over the next few months Yeah - I was more talking about outlook for 2025+, I think the correction has likely completed (just opinion) 

This approach allows them to add value, increase equity, and create rentals that can generate strong returns.If you're thinking about commercial real estate, there’s definitely a learning curve, but the long-term stability and potential for diversification are huge pluses.

It sounds like a trainwreck on paper...and things usually go better on paper than in real life I would suggest saving, increasing your income streams, and learning in the meantime while you save. 

As well, in 8 months the home value has increased by $25,113, averaging between 10-13% growth per annum.

I was interested in this deal because of its proximity to a planned casino development in Bessemer City, which promised to bring jobs, economic growth, and increased housing demand to the area.