Thanks  Sorry Couldn't seem to edit. 200k property with 200k in insurance not 100k my fat fingers messed up :) The quote is a little above 300k

For example, take a fat food franchise.  

I would just focus on $800/mo. rent and tight cashflow in negotiation with the Seller and especially considering that to get that higher rent you will need to undergo and pay for some upgrades and then.... just buy it.

Subsequently, the property will undergo an evaluation by an Environmental Health Official to ascertain the necessity for system enhancements or the installation of a new Alternative Treatment System.2.

This classification typically means that the property is listed on the National Register of Historic Places or is located in a registered historic district.Substantial Rehabilitation: The building must undergo "substantial rehabilitation" to qualify for the credit.

Throw in literally anything you want, plus salt, and boom you have chicken soup, with all the great nutrients from those chicken bones/fat.

Agreed mate.Too many variations and mud thrown on the word over the years.Maybe we should come up with a new phrase lolSomething on the lines of "House Hacking" and "BRRR" 🤷‍♂️"Fully Renovated And Tenanted""FRAT" property investing lolCut the FAT and invest in FRAT haha

In the end, there wasn't enough fat left after purchase and rehab so we let it drop.

Wages increase so significantly that it allows homes to not drop, stay as is or increase (fat chance).Clearly someone is going to win in this (potentially current homeowners and upper middle class), with losers being Millenials, Gen Z and others who do not own OR they are the winners and losers are anyone who bought the past 3 years.Either way, someone will win and someone is gonna lose.For me, I play offense and defense - I am consistently looking for deals but also if #1 happens, am I protected.

Reduced Risk:CityFHEPS tenants undergo a thorough screening process, which includes income verification and background checks.