Hey everyone,I’m new to the BiggerPockets community and eager to learn!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I keep thinking that deals like this are out of my world of possibilities because, 1 I do not know if it is a good deal, 2 how could I make it happen if it is a good deal?

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.

Hi Brian, welcome to the BP community! 

There is a lot of stuff to cover, so try to make as much time for it as you can while working your W2. 

I bought my first rental in June of 2024 and have had a tenant that has been making late payments since day 1.

Now, Kiavi is telling me I need to bring $20,000 to the closing table** to make this work because they’re lending at 70% LTV.

Sometimes less is more and just taking the step to buy one more might be better than selling your goose that laid the golden egg in the existing successful house.

For me, the time to buy is whenever I have the money and can find a deal in a decent area that I can make cash flow in the relatively short term.