I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

If an investor has the time, knowledge, capital and experience to be an active property investor then there are a number of strategies , that, depending on the economic market can be used to accelerate wealth building.  

I have lived in Santa Fe for 5 years and am plugged into the commercial RE market as a full-time investor. 

I’ve joined some of these before & they often feel like sales pitches or marketing ploys, but I won’t be pumping people for information or trying to make a mailing list or any of that.

Excited to hear about your plans for 2025—let me know if you ever want to chat about the market or need any help finding deals!

Just one example of a market getting overheated and then right-sizing.Same is going on with syndications, STRs and soon LTRs.BP took off after the Great Recession when investors could buy almost anything and rent it out for positve cashflow.

But to your point, a current project I’m about to start, I can tell you I had to push back on ARR as the comps used by lenders were entirely outside of what I’m bringing to 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.

Start small, focus on building relationships, and take advantage of Conroe’s growing market to achieve your goals.Good luck!

We’re off market right now but will be going back on next month.