If a property needs too much work upfront, it may not be the best first investment.4.Factor in property management costs—even if you self-manage.

There are still other factors to analyze before making that decision.

So, that adds to the risk more-so for a novice who doesn't know how to factor in that risk. c.

Also your permitting process, type or land, grade of land, if underpinning is required will all play a factor into your cost. 

I don't see much waterfront in that price range of 650k or under.

I understand there are some other factors I glossed over like gaining the approval of the first seller to switch collateral and the lien in second position, gaining approval of the second seller to put a second position lien below the big loan, and scheduling the sale of the first property to coincide with the purchase of the second property.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Hi @Jinxiang XuFoundation repair is common but no pipeline replacement, it depends on the age of the property, but in your situation it could be due to the foundation work done.Service prices are in all ranges.

STRs can range from 20-40%.

we have had record year last two years in the following.1. new construction2. flipping in the sub 250k range in secondary cities3. land flipping 4. land development for sfr and flip to national builders.No slowing down in 25.what we dont do or did do was rentals.. everything but.