I ran the numbers and looks like a good deal (7% cap rate, 5% ROI, and ROI will improve as the years go by).

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

You can add different ways to reach out to improve your conversion for owners you are hitting or you can increase the amount you are sending. 

No improvements needed that could drive up values (and your equity)?

While automation and calculators can certainly improve efficiency and reduce human error, they can’t replace the judgment gained through repetition and real-world experience.

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

.• Proven Systems & Oversight:Establishing robust systems for tracking leads, follow-ups, and conversion rates can provide a clear picture of what’s working—and where improvements are needed.I’ve been monitoring agencies like REVA Global and Steller Staff and know that many investors have seen success by using professionally managed teams.

To improve your approval chances, use rental income from your first property, consider co-signers, and explore lenders that use Income-Based Repayment (IBR) for student loans.

Our average construction time from zero to finish is about 8 months after permit is issued and we are always improving.

One thing you might think of doing is having and promoting your own website to avoid the exhorbitant fees charged by the third party sites such as Expedia, Booking.com and Air BnB.