I imagine the whole process is simpler but can anyone tell me how different it is when you don't borrow the rehab costs?

You can expect turnover costs, losses due to vacancies, and other expenses.

This lesser-known strategy could help you save money and reduce your monthly payments without the hassle and cost of refinancing.

I'm thinking of doing this myself and trying to determine what this is going to cost me.

The costs are not trivial, but they are less than you would pay for a nice used truck.One of the main reasons I am considering this route is the leads that are provided.

I'm not sure about other neighborhoods in Cincinnati but my properties' area (Mt Healthy) just introduced a City Rental Registration, starting 2025, that costs $100.

Note that legal and transfer costs are not deductible but can be added to your cost basis.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Dave MaloneEverytime I read “the goldmine is in the network” to me they are selling kegs of kool aid and it’s a circle you know what with nothing for itYou could read j Scott book and get a lot of info on costs etc.

I predict that the substantial home price cost savings and greater control they enable the buyer to have will make them grow in popularity.