When they eventually move out, I plan to do a full renovation to bring the unit up to high-quality standards and maximize its rental potential.I’m happy to connect if you ever want to chat.

Lots and lots of research.Price points also help, block quality, etc.

When I was 22, I did a house hack, and I highly recommend it.

Going into an area with little data is high risk but could be high reward. 

Can you imagine if our schools have a 95%Everyday I ask myself why the failure rate is so high.

They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.

I expect 30% turnover in a given year, but have seen it surge as high as 48%.

Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.

Paying a bit more might be justified if the pro forma income is very achievable, but $360,000 seems too high unless renovations are already complete.Factor in the costs and timeline for completing renovations for the studio and the fifth park-owned home.

Maybe the tenant set the thermostat high?