After analyzing the potential ROI, we negotiated a fair price of $58,500, ensuring room for renovation costs and profit.

At 3% interest you’re bearing both inflation and appreciation from the cost side. 9.  

I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.any advise would be much appreciated. 

Consider starting with a few lower-cost flips with a smaller loan-to-value ratio to reduce financial strain.Market Research: Sacramento can be volatile, so I’d recommend keeping a pulse on local trends—particularly in the neighborhoods that have potential for growth but haven’t quite hit their peak yet.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Any kind of non QM financing will have higher closing costs compared to conventional.

The overall value of the land and potential subdivision and the harvested lumber will be 10 times the original cost.  

If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.

I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.