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

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

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

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.  

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.

Even a single family builds can vary significantly based on site conditions and required structure/design.

I do NOT have enough knowledge or experience in this arena to provide specific “how to” accomplish this, or even to provide specific”proof” of my position.  

wild. 8. if you dont want to close in an LLC, you can still close in your personal name. 9. there are lenders with competitive rates if long term rents are greater than 1.1 of debt on the property (PITIA). however, there are also lenders who will allow you to do 80% cash out refinances with DSCR if DSCR ratio is 1.0. there are lenders that allow you to buy real estate at 20% down EVEN IF DSCR ratio is only 0.8. which means the rents are less than the debt on the property.

Will talk with them to verify, but im looking at rates currently from under 5% to about 5.5%.. seems even with their largest LOC its over 6% based on current sofr.