For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

These lenders typically cover the purchase and rehab costs because they’re more focused on the value of the property than your personal financials.Rehab: Use the borrowed funds to fix up the property, adding value by making necessary repairs or improvements.

Now I'm on to the next step: covering the tax bill from my side gig, saving, and repairing my credit.

To me cashflow is important to cover unexpected expenses but I buy for wealth creation and tax benefit, not to supplement my income.

I was told by my insurance agent that a % of loss of revenue can only be covered by insurance until the property damage is fixed, which could pre-date the return of essential utilities.

They have to sweep, mop etc.We charge $100 pet fee and that covers up to2 dogs.We use this for small breakage or losses. 

@Jay HinrichsI see some corrections in specific marketsI was looking at a STR we had owning in 2020 that seller pulled back and later sold - property is now $600k more than they time / I can’t see it being sustainable for anyone to pay that much as revenues will never come close to cover costs

Plus, the rental income is covering the mortgage payments on most of them, which helps keep the cash flow balanced.Now, I'm looking to expand into the US residential real estate market.

Hey @Bob Asad, we have several HELOC lenders in our network that cover your area.

We just request guests not let pets on the furniture...which some don't listen...and charge a competitive pet fee to cover any extra cleaning or damages.