I can see through DOM the contrast between those struggles and the lease ups of the better located single families in the area.I cant say with certainty this applies across the entire city but what’s known is the fact people are getting married and starting families later in life than in the past, young people have more debt than ever before thanks to student loans, the cost of buying ahome has never been higher & most  families decide to move to the suburbs when they have school aged children.

We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again.

National savings rates have plummeted, increasingly reliant on credit cards to fill financial gaps.

Refinanced into long term debt.

If an operator had debt locked in, who cares what the value is if you aren't selling.

Taking the market rents, accounting for a 10% vacancy, the debt service, PM fees and everything else, it seems like I should be able to cash flow about $600 for the 4 doors combined.

@Doug KirkTo own 8-10 properties in 3-5 years, consider aggressively buying multiple properties or starting small and paying down debt quickly.

I have really bad credit, thanks to being a Dave Ramsey follower for a decade but very little debt.

80 LTV should be doable as long as it's debt servicing.

Our mortgage is our only debt.