But if borrowing costs remain high and interest rates don't fall as many people expect, cap rates will have to decompress further. 

Costing them thousands and making them lose out on homes.

Idaho, Montana, east Oregon, and Nevada are all places we could potentially go.

Mailing/emailing a notice to "start the clock" doesn't cost much and should be done to NOT lose time if tenant doesn't pay.

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

.: Cost of risk scenario. 

And if you do, you are going to possibly sacrifice the value of the tenant that you get for the price that you're getting upfront, and if you're going to lose your tenant that you currently have then you risk the vacancy, having to do a rent turn, and that would come with more maintenance, and many additional costs that you would have To encumber that would most likely far exceed that $160 extra that you were trying to raise in the first place. vacancy means no money coming in, and then your investment is dead in the water.

Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Look for properties with high cash flow potential, good condition, and room for improvement, such as value-add opportunities.