The trick on getting those rents up is to rehab with nice finishes, granite countertops, dishwashers, laundry, nice ceiling fans, nice paint.

January was not great at ~40% but it at least it covered the PITI, and February will finish around 60ish%.

Make sure all code laws are being followed, make sure the finishes are what they should be. 

After the rehab/rebuild is finished what would the most lucrative option be?

Only issue is the debt service coverage ratio is about 1.0 piti (20% down) will end up at about 2400/mo rent is likely 2400-2500.There is some value add work which can be done in terms bringing the finished basement up to fire code so it can be considered living space.What do y’all think.

My biggest draws are at the back end where the draw for the home itself is taken DAY OF DELIVERY. this means that I am not paying interest on a loan for the home itself until after the thing is finished.

Yes, HOA ForeclosureProperty Taxes are up to date.No foreclosure process that we can find, still waiting on full title search to finish.

I have come to realize that I do not want to pursue a career in accounting but I am unsure on whether to finish the exams and stick with this job for the next year to obtain my CPA license.

The cost to knock down and build, depending on int. finishes, starts at $350K This project I would anticipate around $450k build on top of the aquasition, and FMV comparitavely is 2.3-2.5...no?

Do not put anything under contract before you know the process from start to finish.