Return on investment, with security of a safe neighborhood.

I’m a new landlord in CA and missed the 21 day window to return the security deposit (I thought I had 30 days).

The more leveraged secured debt you have will impact any cash flow.As mentioned by Nicholas, the BRRRR method could help payoff the HELOC too. 

g=173096))Housing supply shortage: # new jobs per permit issued >1.5 (based on https://www.nar.realtor/research-and-statistics/housing-statistics/housing-shortage-tracker)Rent affordability <.33 (based on https://www.zillow.com/research/housing-supply-32743)Housing affordability <.40 (based on https://www.zillow.com/research/housing-supply-32743/)Based on these criteria I got 3 cities: Raleigh, NCCharleston, SCSan Antonio, TXI would love to know your thoughts on this methodology.

Caught the flag on the first sentence "given the loan terms verbally" - Pretty much all the "reputable" DSCR Lenders will give out a detailed term sheet / pre-approval letter / LOI (many different names but same thing) outlining terms and approvals early on in the process - the good news is that if you haven't closed yet you can still switch lenders and see if you can secure your original terms - also good news is that the appraisal, while likely ordered by the lender or broker is in your name and your property, so you can likely transfer it to the new lender

The current owner has worked in the business since 1981, and owned it since 2007.Key features:- $25k minimum investment- 4 year timeline, projected annual IRR 35% and equity multiple 3.12- adjacent to public transport, in a suburb where there is both housing demand and limited supply.- operator has built and filled a similar development nearby- You can find pictures and numbers on some of the buildings they have built and are building here (https://lnkd.in/gfbdvtnf).- You can find a profit calculator spreadsheet here (https://lnkd.in/g-2m_vZA).

But ultimately, there's one thing that rates can't fix - supply and demand.There simply aren't enough houses for the number of buyers that want them. 

@Sam McCormackCongratulations on becoming an investor and securing your first property in Northern Kentucky.

You get an estoppel from each tenant saying this is how much rent I’m paying, this is how big a security deposit I gave, here’s who pays for utilities, when my lease ends, etc etc. 

You could start by giving them a month's supply of one of those brands and tell them they have to flush more often (twice per use).