Don’t sign a loan agreement until you fully understand the terms of the loan.Only Sign a Fully Completed Contract: ever sign a loan agreement that contains blank spaces where information should be entered.

We no longer manage vacation rentals but we use to charge 20%, which was on the lower side. 40% is higher than I ever heard of.

Worse decision I have ever made. 

Hey guys, I live in Phx,Az , single no debt what so ever, in car sales business (self employed)and monthly I make anywhere from $3k to $10k after everything, experian score is 640, im guessing with that fair score and no proof of income Im looking at a crappy interest rate and big down payment on at least -$300k, here in Az anything lower than that its because it needs re habing and to be honest i dont have no experience whatso ever in that field and dont want to end up in a money pit.

Did you ever consider BRRRR earlier on in this flip or was the intention always to sell?

There's plenty of value to be found in neighborhoods such as Christian Park and Martindale-Brightwood (near Fountain Square and Irvington), Near Northwest-Riverside, Near/Old Southside, and Butler/Tarkington despite being quite close to some of the sketchier parts of the city.If you are ever interested or need assistance, feel free to connect with me.

As for the 2/1 unit There is a long term tenant (10+ years) that has a great relationship with the landlord (they seem to be friends as well) and has been paying rent on time ever since they have been there.

I do have 6 properties that I held for 6 to 8 years and sold without ever seeing.

If you have amazing dirt but paid a crazy price to get it then if tenant ever goes dark the upside tends to be minimal but the risk is high.

While it’s not Upstate NY, if you’re ever curious about diversifying or want to compare strategies, I’d be happy to chat.Best of luck with your decision, and feel free to reach out if you’d like to discuss further!