•Target a property in the $800K–$1M range to maximize leverage while keeping costs manageable.2.Open a Second LLC:•Create a new LLC for this property acquisition to separate liabilities and maintain a clean structure.3.Assign Funds & Organize Finances:•Allocate funds to property improvements, marketing for new deals, and reserves for emergencies.

You can refinance sooner than that but you'll need to paper trail all of the improvement costs that lead to the increase in value.

How do you navigate that challenge in a market like Utah, where achieving that kind of rent-to-mortgage coverage is becoming nearly impossible?

Hey Elliot, this could be more challenging to get approved as a first time investor as a first time investor.

Vincent de Paul challenge program and are looking for housing that's willing to work with the program.

I agree they had communication issues during a transition period that we dealt with, but things have improved from last year. 

Burned my *** too many times lol.I am here to learn new strategies and take part in discussion regarding landlording and home improvement.   

I would appreciate any advice on whether it's a good idea to invest in land on a slope and the potential challenges of building on such terrain.If this seems like a worthwhile investment, can anyone recommend reputable construction companies that specialize in cabin builds on slopes? 

Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.

Challenges?