It’s not just about the profit margin or the cap rate; it’s also about building trust in the community.

Also, keep in mind if it causes an undue burden on you or is too costly you can deny them. for example, if your insurance company says that dog breed is on the ban list then you need to find out how much it will cost to insure them. if the rates go up because of the dog then you can deny them based on the undue burden. 

For multifamily or commercial, the rental rate impacts the value of the property. 

A DSCR loan only removes the income piece and adds a slightly higher rate and prepayment penalty.

Rates are a bit higher but if you can leverage up to do more than 1 flip at a time, it will be worth paying the lender fees.

I've been investing in STRs since 2005, and I have only had a handful of items of any value that were broken, and I would rate these as probably from lots of use. 

I just read a new ranking of market ratings and I was not a fan seeing MN ranked 99.9 out of 100 potential score.

You used to easily be able to do this with 2 unit properties, but with prices and rates today it's hard to make this work anymore, unfortunately.

The resident is great and the rent rate reflects that. 

With your brother’s $50K equity already in the property, this should make the loan-to-value ratio favorable for refinancing.HELOC monthly payment on $68K: ~$300 (depends on your rate and term).Lease payment from brother: $800/month.Future mortgage (refinance $68K over 30 years at 6%): ~$400/month