Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45% Lessons learned?

In the meantime, if rental income is able to pay for the cost of the mortgages then I frankly do not really care what the interest rates are.

I love where you mind is at and how organized your post/plan is.

Qualified renters can opt to pay a non-refundable monthly fee instead of a traditional deposit.

AND I usually pay a little below market rent, but put a little into the cleanup or fix up of the property.

At first glance, it appears that the price you are paying it high.However, it will depent on several factors - How many states are the syndications invested in? 

If you pay cash you'll pay yourself back percentage back, if you use the a hard money loan the refi would pay that off and the difference would go to you

I would rent 3 or 4 on long-term to get someone in and paying right away.

You’ll probably pay a higher sales price and a higher interest rate as well. 

Either way...... gotta love The Heights......people will pay that amount to rent .,,,,,, instead of building wealth