There is a place and time that it makes sense, but as long as you get any cashflow that first year, father's time will likely help you out after that as long as you have a quality product. 

The Home Inspector report revealed major deficiencies in the rehab and the Home Inspector told me that the rehab was like “putting lipstick on a pig”.

The Left must resist the urge to “help” with short-sighted, counter-productive policies like rent control.

So, in my market the VAST majority of homes an investor will invest in are "older".

I work with a lot of the major lenders and private money.

For older properties, expect a higher CapEx due to potential issues with major systems like roofing or plumbing.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Solid comment but also adding that 0.90x DSCR is not a hard minimum, a good amount (probably not a majority but not super rare) have "no ratio" DSCR loan programs with no min DSCR

Because there was barely any cheap product and I had buyers looking for this type of product.

Our STRs are all booked for the holidays majority wise but the one week that is slow across the board is the week post-Thanksgiving.