In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

This does not mean actively acquiring but rather considering valuation, market demand and rents, and potential ROI. 

This home is located in Anderson, IN.

Should we expect the Federal portion of the rent check from the gov't Feb 1??

Quote from @Steve NA: Hello All,I am new to investing in general (outside of a condo I have rented over the years).

Even if you joined a good mentoring program in another location, they will probably tell you to start building a team in your target market, so the end result is the same.Again, I can only speak firsthand of the Sumrok program, but I can tell you that Brad's students are absolutely doing the things you mentioned in your two bullet points.

Now many escrows will require that the seller sign off on the EMD release, which can be frustrating since most contracts say it should be a unilateral function (buyer automatically gets their EMD back if they cancel within the option period), but if a seller chooses to be a jerk and not sign it, the EMD could be frozen in escrow, so don't use your rent money for it. 

I may be able to help - what state(s) are your properties located?

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Looking to rent for $175/night min and total estimate is $100k for the build, aiming for 20% CoC.Any pitfalls/advice for this uncharted territory?