When doing this exercise PLEASE make sure you are factoring in a couple of things:- closing costs for acquisitions- working capital or cash reserves up front for a rainy day- operating expenses and replacement reserves- mistakes, bad years, bad acquisitions.

When they are new they come with training from somewhere else and often that is bad training and needs to be corrected.

if it is in that bad of shape I would venture to say at best insurance would prorate. 

I think if you ask those same questions to 5-10 house flippers, single family investors, STR investors, multifamily investors, wholesalers, etc... you'll get a good flavor for the good, the bad, and the ugly in each segment of real estate.

Hi Raquel, There is not enough information to determine if this is a good or bad loan.

That makes me think that landlords see that and are influenced to raise rents to that number.

Did it change, influence or solidify any of your strategies?

I do NOT want a lawsuit or do not want bad living conditions for tenants either.

I was told to take out hard money loan and than told it not bad just would be better option to only use on  fix and flips. 

Ive seen the good...and the bad...and there are more people out there than ever trying to scam.