You just need to calculate the return of your investment into the rate vs how long you think you will live in the house and if you can/will do a refinance. 

Try to get an idea on what the flood insurance premium cost will be from now, rather than too late in the process.

If Someone came to you and needed you to funnel them deals having that expectation talk is super important because not every investor needs the same return.

That is basically an extra tax return, legal fees for setup, bookkeeping costs (if you aren't doing it yourself), possibly an umbrella policy.

Thanks allI think this ultimately comes down to the following: Will your return on investment be better with a new purchase than your current return on equity for that $200K?

This fund supposedly had the highest rate of return overall coming primarily from appreciation.  

I would always try local banks first but if you are looking to not worry about debt to income and providing tax returns or W2s then DSCR would be your route on the refinance side.

I told him that I would charge him the same fees as before. $50 late fee after the 5th and $5 fees each day late. 

Hey y'all, What areas around St Louis are you finding the greatest value on returns?

Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs,  commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?