Good morning “Upstate” crew,I originally posted this in the wrong thread (I think) so I’m reposting this in the Upstate NY group to better target the Binghamton area.

As it will be my first home for investment purpose, I am looking for single family property, try to get a good tenant ( that’s why I initially was targeting on A/B+ areas) to get foot in the door and start having hands on in rental investment.

Talk to a qualified lender to go over your intent and run over your income to see your current qualifications.They will be able to help formulate to plan of action for you to achieve your goal. 

Secondly, 1% is a good target but just as Pat wrote above it does depend on the loan amount.

It would achieve goals of both purchasing a primary residence & investing, and significantly reduce the amount of money you need to contribute towards your first investment.

There are good sponsors that have a bad deal but what I have seen typically is the sponsor lacks significant experience - they have experience in marketing and raising money - which is not hard when you are promoting 15%-40% returns that clearly were not achievable on a consistent basis. 

It seems to me that based on neighbors and other peoples experiences with them, they will specifically target and take on people with criminal records and pets who don’t have a lot of options on rentals.

Hi @Kent Kettell, assuming you're running the numbers on your end, any loan offer that enables you to acquire the asset given your level of cash reserves and reach your target ROI at the expected project duration, net of financing costs.If you don't already have a useful calculator to assess cost and profitability associated with fix & flip projects I'm happy to share a copy of ours!

Top-performing units can still achieve occupancy rates upwards of 70% in the Branson market.

I suggest defining your goals – what exactly do you aim to achieve?