We have no control of the condition of your property, if the value will appraise at where you feel it will appraise at, selecting specific appraisers, making sure the title to your property is free of any liens/judgements, what the title company will charge you, how much the AMC will charge you for an appraisal, what your property taxes will be, how much your insurance will cost you, and the list goes on.. 

We’re based in Reno/Tahoe, so feel free to reach out if you’d ever want to chat. 

The letter stated it was a cash deal up to $300,000 which is why the decision to close in 15 days was implemented.

If the numbers work when I run them, I know reality should only be better.ActualsPurchase Price $227,500Interest Rate 30 year conventional 6.375%Homeowners Insurance = $920.21Rents = $1,900 per monthTotal mortgage + escrow = $1,182.58 per month with rents at $1,900 my actual cashflow is $717.42.Additional numbers behind the dealTotal cash to close = $87,475.55Down payment = $80,000Homeowners Insurance - $918.36Rate Buy Down 1.283% - $1,892.43We paid to lower the interest rate by 1.283% over the course of the 30-year loan.

Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.

It is hard to pin down specifically, but that seems to have been a factor in a few of the ARV-Appraisals that I've seen and has impacted the refinancing process.Otherwise, it has been a great market for my clients, great cash flows and repeatability which has really helped as they have scaled.

If I bought a 55+ house for her now I would most likely pay cash for it.

I am a local agent here in Sacramento & I am a house hacker myself with 2 properties here that now cash flow.

Quote from @Ricardo Lemus: For a newer investor, a good investment is a property that pays for all expenses with some cash left over.

My plan for doing that is to acquire 40 properties with partners and pay off 40 of my own properties and have them free and clear.