Yes, but you may want to have a quick conversation about DTI and the requirements due to the current home. 

Hi Cara, It all depends on how quickly you want a profit. 

. - homes are not renting quickly in my areas and even if they rent its below $2k. - there is a airbnb in my street which seem to have good occupancy Thanks in advance for all your suggestions.

In my opinion, house hacking is the easiest way to get into the RE game with the lowest money out of pocket...plus if you throw in a renovation loan like the 203k or homestyle, you can boost your worth quickly!

Once you get remediation companies and insurance companies involved things get illogical quickly in my experience.

While the "type" of neighborhood can sometimes make tenant approval criteria a little more flexible, we always try to avoid making desperate decisions that could lead to future evictions.The rise in evictions that you're seeing could be partly due to landlords lowering their standards to fill units quickly, which might lead to issues down the road with tenants who can't pay rent consistently or have a history of instability.

This let's you ramp up your purchasing quickly.

A few quick items:Red flags / tips:- Seller not willing / able to produce a written lease.

If you're getting back into the lending game for long-term hold investors, a realistic “ideal” loan might look like this:Rates: Somewhere around 6-8% interest, depending on the risk profile of the borrower and the property.LTV: 70-80% LTV is solid, especially if you're aiming for lower risk.Term: 5-10 years works for LTR investors who want stability.Fees: Reasonable origination fee (1-2%) is expected, but avoid nickel-and-diming borrowers with hidden fees.Prepayment: A soft prepayment penalty could be fair if paid off in the first couple of years, but after that, no penalties.Speed: Being able to close quickly (within a couple of weeks) would be a huge plus.In short, give investors a competitive rate, decent terms, and flexibility on prepayment, and you’re golden.

After a thorough market analysis, I reached out to the seller directly and negotiated a fair price based on comparable sales and the property's current condition, emphasizing my ability to close quickly.