Eliminate debt, establish a budget, and save.

Happy to connect if you have any specific questions you are looking to get answered or just want a general run down of the investing landscape here.

Specifically, I’m curious about the following:2/2 vs. 3/2 properties: Are there significant advantages to offering a 2/2?

This is highly lender-specific; there are no universal guidelines for DSCR loans like there are for GSE/Govvy loans.

In both cases, having a property manager who can adapt to the specific needs of each asset type is essential.I believe that the best property managers understand that profitability and customer experience are not mutually exclusive—when both are done well, everyone benefits.Thanks for bringing up this great discussion!

kudos for your specific and thoughtful post. 

In hindsight I probably should have gotten an additional HVAC-specific inspection and tested the measurements for the actual washer/dryer space.

I know I already mentioned this, but @Mordy Chaimovitz...If you can get by with lower cash flow and invest for the long-term generational wealth (aka appreciation) in nice neighborhoods, that is the way to go, but it's tough to get by at times -- at least it is for me.Just know everyone's situation is different, and you should do what is best for your specific circumstances!

Yes, the upstairs needed it, but tearing out the downstairs not only cost a lot that was not in my budget, but also greatly added to the cost of the rehab.I kept asking Chris when the Spokane house was going to be done; he told me he needed more money.

Eliminate debt, establish a budget, and save.