The downturn will eventually spread across the nation, and to a somewhat lesser degree affect those areas that had lower price appreciation.My timing prediction: the oncoming slow-motion housing crash will become very evident within 6 to 9 months after the first Fed rate cut. 

It could be heat in the winter(in Michigan) or AC in the summer (imagine them running AC at 70 degrees all summer in Phoenix) or just general disregard for leaving lights on and things like that.

Neither I nor my business partner, David, have any degrees in architecture or engineering.

Ideally, the tool would help me effectively track:Income generated by each propertyAll associated expenses for each property (e.g., mortgage payments, repairs,maintenance)I'd appreciate any insights you have on reliable and user-friendly tools that meet these needs.

This figure includes the construction of the building but excludes land acquisition, permits, and other associated costs.Cost per Door (Unit)The cost per door, or per unit, in affordable housing projects can also vary widely based on the specifics of the project.Average Cost per Unit: Recent affordable apartment buildings built using public funds, such as Metro housing bond dollars, have cost between $412,000 and $522,000 per unit.

@Rami LatifVery unlikely, the lienholder will refinance before the foreclosure,what will happen is it will sell at auction and hopefully will sell for more than what the first is owed plus what you’re also owed.anything over the 600,000 will go to you unless there are other taxes or penalties associated with the property .Good luck

Tons of great info and people here.Lake County Property Investors Association has a meetup in Gurnee.

Eventually with any degree of volume, someone WILL claim you discriminated for a completely unrelated reason.

Its simply a cost of doing business and paying the fee's associated with the risk.  

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).