The property was well-located and priced under market value, offering a clear path to profit without needing significant renovations.

@Itay Heled  larger properties are not something that is popular with the furnished finder searchers from what I have seen.

DCSR loans are easy from a qualification prospective but depending on the market your may need a larger downpayment to make the DCSR ratio work. 

Your background as a licensed architect with experience in commercial and residential projects is an incredible asset, especially here where so many members are navigating construction, renovations, and design challenges.Out of curiosity, have you worked on any projects that were particularly challenging or rewarding?

We are right across from a large high school.The upper unit is larger and gets different people but I wanted to point out the current guests.

Similar view on equities I stated just on Monday, and anytime margin increases with rates staying stagnant going forward we're going to have larger and larger drawdowns.

I’d just recommend reviewing the renovation requirements for the historic district since they can add time and cost, but the right team can help streamline the process.Good luck with the deal—sounds like a solid opportunity!

I would have to imagine folks who are competent enough to represent this type of value-add are typically focusing on larger opportunities than small to mid-size SFR portfolios.  

Not that it matters much now but we do a "coming soon" after renovation but before/during furniture. 

Nearly two years ago, I purchased a single-family home in River Forest, USA, which required extensive renovations.