Also remember, you can NOT identify more than a certain number of POTENTIAL replacement properties, and they have to be within a certain percentage of value of the old property, and you can’t file this identifying paper and then change your mind.

Remember, that you don't build wealth with cash flow.

I'm looking to invest in Detroit, and my understanding is that just because a voucher is worth a certain amount, the municipality may not have that amount to give out- as government funds are certainly not unlimited.

From my experience though, and just my gut feeling, for what it's worth, they're just barking at you.

Lastly, we all must remember we are close to 20 million visitors to the area (13M to GSMNP) every year and most owners just need 60 to 80 families to stay at their STR to have a successful year.  .  

I plan on traveling to where I find a property worth investing in.I’m sure I can invest somewhat closer to me but it’s very pricey I’m in NJ.

Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.

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.

I wouldnt develop anything but sitting on it could be worth waiting to one day add new units/condos or a larger multifamily partnering with a developer. - half of parcel can also be sold off as only one half has the SFH and ADU on itOwner is quite firm on the price.

Contrary to what everyone seems to be saying these days, a good agent is worth their weight in gold.