Focus on long-term rentals in affordable markets with reliable cash flow, and steer clear of high-cost flips, lower-class properties, or overleveraging in areas that rely solely on appreciation.Good luck!

We got one offer late last year, still listed for sale but content to keep operating and cash flowing Lessons learned?

One thing to bear in mind is that if you want first crack at a property offered by Networth, you have to finance thru Loans212.

The rates are high right now but these loans are limited based on cashflow so you cant take a loan that costs more than you're receiving in rental income.

Highly recommend (I require) collecting first month's rent prior to handing over keys.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

UPDATE:  Just chatted with the city and learned that variances have a high threshold for approval.  

Rental arbitrage isn’t common in my area ( high point North Carolina) but I was planning on starting in another state.

For example, maybe you will get to 10, 20, 30 houses and then find an owner who has a large portfolio and all of a sudden you are at a high door count and now need to hire, need to build your policy binder, and all the other stuff that comes with running a business.

The first agent is absolutely certain the house will sell in the high 400’s.