One key lesson from this transaction was recognizing the value of speed.

Key tips for finding the right property include focusing on cash flow, researching local market trends, and networking with investors.Good luck!

I would assume a good lease for each bedroom is key, but could be wrong.

For buy-and-hold investors, DSCR (Debt Service Coverage Ratio) loans are an excellent choice for a few key reasons:1.

I completely agree—private money lending is becoming a key strategy in this climate, especially with its flexibility and speed compared to traditional loans.

The houses are out there, they just get snatched up quick so be patient and keep up on the MLS.  

Run the Numbers: Focus on key metrics: Cash-on-Cash Return: Annual cash flow divided by the total cash invested.

The key is to have it set up correctly and for your specific situation.  

I'm going to have an attorney review my lease agreement, but all the documentation that I have came with my BiggerPockets MANAGING RENTAL PROPERTIES book a few years ago, pre-pandemic...and it's a lot.For those using KeyCheck for their MTR listings, did you also find that additional documentation was needed, besides the 3 key things that KC provides? 

Some key tips for networking and growing your portfolio:Attend local real estate investor meetups to connect with experienced investors in your area.