If the building cannot be salvaged,  a lender could still provide financing for land value less demo cost.

With that in mind, I’ve decided to focus first on finding a distressed SFH that I can add value to, live in for a few years, and keep as part of my long-term portfolio.I like your suggestion about building the “core 4” team—agent, lender, contractor, and property manager—and will definitely prioritize that as I move forward.

The older investors I know horde and value time and not cash for headaches.  

And or cannot get horizontal financing like I can which is a huge advantage value of your lots go up at each milestone..

I would be focusing on adding value into the homes you are looking at.

Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount. 

If you live in an area with caps on rent increases, it is so important to increase it every year or you will find yourself well below market values with long term tenants. 

It really highlights the value of having strong partnerships, effective marketing, and a sharp eye for profitable properties.One takeaway here is the importance of leveraging connections and networks to identify similar quick-turnaround opportunities.

They buy properties, do not know the area put substandard upgrades in the property then sell them for market value or try to and the property sits for a long time.

How did you add value to the deal?