Starting small with solid fundamentals and not waiting for the "perfect" deal was key to getting started.

They want you to wait a few days to send someone out to look at it then come back in a few days to try part #1.

Why wait five years to reassess market rates?

Like someone else mentioned, doing a short term rental in a secluded basement that is very private and walled off is one thing, but sharing the same refrigerator, kitchen thermostat, etc. with a complete stranger seems like it will introduce more problems than what the money is actually worth.

you will need to look at the APN of the property and line it up with what you actaully bought. as mentioned the tax assessed value is not an indicator of value. the land could be a utility easement, used for stormwater management etc.

@Julie J.My recommendation would be to wait until you can afford a home with traditional financing.

I have been a high volume realtor for 8 years, worked with a lot of investors and have been waiting to get into investing.

As Dan H mentioned it’s the deals I passed on locally that were greater regrets than other state deals.  

Thanks so much for the mention!

I know nothing about the above firm you mention, but a quick look on their website shows they are likely offering you DSCR, so just general things to look out for in that world.