The total loan fees ($6,799.91) you entered as points should likely be divided by the loan amount to get the actual points (which are typically 1-3% of the loan).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Typically with these systems the tenant will have a "confirmation" notification that payment was paid on 14th.

I heard a STR focused book keeper say that the her Midwest investors are crushing it, while the more typical markets are struggling. 

Might be tough from area to area, but I typically find that homes built before 1950 that were converted from single to multi family are 9 times out of ten - a full gut rehab and way too expensive for first timers.

cashflow in residential is typically achieved either through a more difficult method, or after 10+ years.

Zillow is typically the best quality leads in my opinion.

Know your numbers..REFINANCE - With our no seasoning requirements you can refi and pull cash out once rehab is complete, rather than waiting the typical 6-12 months that most lenders require.REPEAT - Use those cash-out funds to put your money back to work and scale your business.Partner with a lender who understands the needs of BRRRR investors! 

From purchasing land to breaking ground in Columbus is typically 60 days.

What points and interest do you typically charge and how long are the loans you like to make?