@Wade Wisner Jacksonville has seen some significant changes over the years, with pockets of revitalization and a strong influx of new buyers driving growth.

We take the T12 roll it forward, we strip out anomalies and one-time expenses and then layer in base assumptions and any known large expenses that are planned for the next 12 months.

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.

I’m guessing the rental market in Alexandria is very strong so you’d better make it worth it.

Some tenants even sort based on sub-structure so just making sure all of the details are as precise as possible. 

I'm worried that i will purchase something based off burning a hole in my pocket and not for the sake of being a good investment (mentioned above already). 

Another thing to consider is are you basing the 3x rent on her initial application? 

Numbers are based on a price paid for the property.  

You are correct; I made an assumption that we wouldn't be able to sell through a realtor based on the factors against us.

Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).