Here’s how it works:Buy a cash-flowing property with solid fundamentals today.Rehab it, improving the property’s value and generating more rental income.Rent it out to ensure cash flow covers your costs.Wait for a Rate Drop—this is the new "R."

When a tenant moves out, I want to fix the unit ASAP and rent it again; not wait for a 3rd party to review it and then tell me what they will and will not cover.

You will want to run projections on each individual property to ensure that it will produce enough revenue during peak season to cover your low season months.

They also have covered outdoor boat/rv parking for a solid price. 

You’ll want to ensure rents cover PITI by at least a ration of 1 to 1.

As a new investor, a duplex gives me some pause because I'm afraid there might be long periods of vacancy where I'll have to come out of pocket to cover expenses.

As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees. 

While insurance might cover the reconstruction of your property, the community's recovery could take years or, in some cases, never occur.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Open a coffee-trailer or a roof cleaning business, or sell tools on TikTok... and then invest in real estate.I have been investing in Milwaukee for 15 years, which is probably one of the better cash flow markets and I am in the same boat as everyone else its hard to find deals worth buying.