The narrative that these are cash flowing properties is aggressively pushed by everyone who benefits from these transactions...turn key operators....brokers....pm's but its incredibly difficult for the non hands on buyers to operate these homes for a sustainable period of time.

Sellers are more likely to consider a carry arrangement if they see you as a solution, not just another buyer.

Was curious if anyone had a final solution to help on the accounting side of everything.I use QBO for my other company (marketing agency) but hate it and it's not built for RE.

“We have range of product for your loan solutions”“You nееd a loan tо new business expand еxіѕtіng.’’Huh?   

The reason I recommend this is because as a short-term solution incase you cannot go full DSCR right out of the gate.

A possible solution could be to hire a handyman to cut out the section of drywall that has been water damaged and use a moisture meter to see if there is excessive moisture in the wood and other parts of the drywall. 

At $1350 rent:- sustained maintenance/cap ex will far exceed 10%- I will be surprised if you can find someone to manage this one unit at $108/month.  

This approach can create a sustainable retirement income while preserving your retirement accounts for long-term growth.This post does not create a CPA-Client relationship.

Purchase price: $145,000 Cash invested: $60,000 Finding a move-in-ready home that offers modern upgrades and country charm can be challenging—but this fully renovated 4-5 bedroom, 2-bathroom ranch is the perfect solution.

However, given that we anticipate completing this project well before that timeframe, I’m exploring alternative solutions to better align with our timeline to get our investment back soonerThank you again for your assistance!