I would suggest to connect to other local investors as much as possible to network, educate yourself, make connections with title companies, contractors, wholesalers, hard money lenders etc, those will prove vital to your success.

Most lenders have seasoning requirements, so you would need to own the property for 12 months to obtain a loan based on appraisal rather than lower of appraisal or purchase price.The longer the period of since property purchase the more likely an appraisal higher than purchase price.The exception may be a "hot" market where prices are moving up sharply almost every day. 

It is an interesting way to think about warranty as a type of "insurance", except that insurance doesn't seem to service the claim well when the time comes.

They will be subject to the same criteria, except they must have an income > 80x the monthly rent.Under no circumstances can you make exceptions based on a good story.

It's vitally important to know who you are working with, and have the history of the players involved.

I don’t take an application fee from anyone except the most qualified applicant, usually just one person in order to run their background check before finalizing the lease. 

Historically we don't apply Cap rates to under 5 units as the landlord traditionally does not have operating expenses except perhaps PM, once all units are filled, hence CAP rate doesn't apply.

All of these were purchased pre-covid, and with the exception of one, all were found on the MLS.

Purchase price: $50,000 Cash invested: $33,000 Sale price: $133,000 "Join us for exceptional returns!

Purchase price: $50,000 Cash invested: $33,000 Sale price: $133,000 "Experience exceptional investment returns with us!