Even at $1500/month that is $18,000/year… so I’m having trouble understanding $150,000/year unless you are building 10 free and clear rentals?

It makes sense to me but I foresee that to be a contentious point, even more if they end up not getting the rental.Thank you in advance!

Realistically you would expect the house to continue to appreciate during that time as well... even if at 3.33% appreciation - that is another $50,000 in appreciation you would make in the 3 years - give or take.  

While the rare “killing” can be done, the vast majority of deals, even ones by professionals, are done within market pricing parameters.  

But even to this day the money is always the winner not me.. thats how you raise significant capital ..

You got a screaming bargain that was so good that no one else wanted it from the provider side, even for free.

Bryan,This is one of the biggest challenges when investing in C/C+ areas, and it’s even more amplified in D-class neighborhoods.

Even a LOI is not strong enough to start spending time, effort and MONEY on due diligence.  

It wouldn’t even be listed on Airbnb during this period so I wouldn’t get dinged by them for blocking the calendar.

Joining investor meetups in your area can also help you build relationships with experienced investors who may offer mentorship or even potential partnerships.Finally, don’t underestimate the power of letting people know your plans.