But, this house went under contract in 3 days for $20k over ask, with multiple competing offers, in an area where the average days on the market for newly renovated flips is 100+ days! 

Hello,My wife and I have completed about 30 flips, 25 or so have been from the MLS and the other few have been off-market deals presented to us by wholesalers.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

I have quite a bit of experience in the Detroit market and even have a few Section 8 tenants myself.

off market, novation agreement How did you finance this deal?

Market Conditions: South Florida has a dynamic real estate market.

If there is minor rehab (such as painting and cosmetic improvements) you can still close on a DSCR loan, however it may affect your appraised value, which could also affect your market rent if its a vacant property.

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

If the marketing is on point than you only have 3 options - 1.

That’s a small fraction of what all that would cost in my market.