Regardless, make sure you have appropriate reserves built in so at the very least your future vacancies, repairs, and capital expenditures are covered right away.While the cash on cash method does not take into account amortization or appreciation, I think it's the best way to measure a property's profile tangibly in the near-term.

What should I do in the next 2 weeks to set myself up long term?

How to Structure the Deal to Protect Your $20KIf you’re willing to cover the $20K arrears, here’s how to protect yourself:Option 1: Secure Your Funds with a Lien or Escrow AgreementUse an escrow account: Deposit the $20K into escrow with clear terms—if the assumption is denied, the funds return to you.Record a promissory note & lien: If the deal falls through, this would give you a legal claim against the property to recover your funds.Option 2: Sub-To + Wrap While You AssumeSubject-to deal: Take over the existing loan payments before assumption approval, securing control.Escrowed deed transfer: The seller signs the deed into escrow only to be recorded after assumption approval, ensuring they can’t back out.Lease option fallback: If the assumption is denied, consider a lease option agreement until another solution is found.Option 3: Negotiate a Seller Financing HybridAsk the seller to carry a small second note for the $60K equity gap at favorable terms.Use your $20K as a down payment, structured as a secured loan against the property.3.

@Shiloh Lundahl - The real estate investing ecosystem seems to have been hit very hard, in terms of interest in in-person events, absolutely.

Today, adjustable-rate borrowers qualify based on their ability to cover a higher monthly payment, not just the initial lower payment.”In simple terms, banks used to give loans without checking to see if buyers could afford them.

There are so many fewer properties of that size.A couple of investors who have been tremendously successful with SFH and small multi - Chad Carson, Michael Zuber.

Each lender will be willing to provide a ballpark rate quote with some simple info such as FICO score, property type, location, term, and desired LTV.

Additionally, consider factors like vacancy rates, property taxes, and long-term market trends in your target area.

Expect 30-year fixed terms for the most part.

You're at the right place to become a successful investor.