If, through the process of renovating the property, the market shifts, do you have an alternate plan for the property, whether it be to live in it until the market improves, or convert it to a rental property, etc. 

The key is knowing how to navigate them:🔹 Finding the Right Deals – The best distressed properties aren’t always the ones sitting on the market.

Seeing a lot of new construction rental buildings hitting the market in Bronzeville and the west side, seems to be CMU brick around the sides. 

It insures all types of risks but does do a nice job with rentals in many markets

But it had been for sale on the market since July, 2024. 

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

You can ask your CPA on the cost segregation short term rental loophole.If your partners credit is bad but you have cash, you can just cosign for the loan or go DSCR/hard money.Dayton is a solid market for BRRRR investing.

Despite rate cuts, we aren't seeing the lending market agree with their expectations on inflation.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

We added value by investing $45,000 in well-planned renovations, modernizing key areas, enhancing curb appeal, and ensuring market-ready quality.