Those numbers are always great in theory, but people fail to understand what it is like in practiceWhen you are competing with 50 other units in your block for rent, can't rent the property to qualified individuals, and are dealing with constant maintenance/property/tenants issues, you realize that the returns are too good to be true. 

If you're up to the task, listing on Zillow or Redfin will be your best bet.There are numerous studies that show listing on the MLS will not only get you more net proceeds but also eliminate the liability from you as the owner by using a third party to sell the property.

I’m a broker in Tampa and I currently house hack myself and primarily work with other investors and individuals looking to house hack.

I’m particularly interested in exploring opportunities in the Raleigh/NC Mountain area and am excited to connect with like-minded individuals who share similar goals.I’m looking forward to diving into the wealth of knowledge here, sharing experiences, and collaborating with others who are passionate about real estate investing.

Hi Carlo,As mentioned DSCR loans vary widely based off of numerous factors, credit, LTV, Prepay type, DSCR Ratio, just to name a few.However, I am seeing rates as low as 6.625% now on DSCR products in a perfect scenario.In scenarios with low credit scores, high LTV's and short prepays we can easily be in the 9's.When looking for a DSCR loan to fit your needs, I recommend getting in touch with someone who knows what they are doing to pencil the loan in your best interest.Glad to connect and get into more detail!

It could be possible to change debt structure from 6 individual loans into a single portfolio loan allowing you to pull a larger part of the equity in one chunk and still stay under 65% LTV. 

I'm interested in connecting with like minded individuals who are also passionate about real estate investing and property development. 

The projected rents on the low side if I rented out each of the 3 beds individually would be $1800/month.

The projected rents on the low side if I rented out each of the 3 beds individually would be $1800/month.

I've done the math on a few dozen of the buildings and individual units for buyers and have rarely found something that will truly make you more than a 4% cap rate.