Furthermore, by analyzing the last five years, we may deduce the present trend and future expansion possibilities.The pitfall of emotional connection, ah-hem.

Emphasize your strong rental history and present business financials to showcase profitability trends and future projections, increasing your chances of securing the necessary funding.

For that reason, we will assume a smaller 4.5% for the annual appreciation of real estate in Colorado Springs.To calculate the total appreciation value at the end of five years, we use the formula:Future Value = Present Value × (1+Appreciation Rate)^nFor a property with a purchase price of $450,000 and an annual appreciation rate of 4.5%, the value after 5 years can be calculated as follows:Future Value = 450,000 × (1+0.045)^5 = 560,781.8719560,781.87 - 450,000 = 110,781.87.

I know the covid boom treated STR investors quite well however I am under the motto of, "no better time like the present".

For those willing to do the homework, new construction presents a promising opportunity to build wealth over the long term.

By law, licensed individuals are required to present all offers to purchase, regardless of who they come from or how unrealistic they might be. 

With the 350k property just your principal pay down alone provides double digit ROI, let appreciation help with the rest.

Fannie/ freddie have different guides on this, and i do see different lenders interpret them differently. for example, one requires you to OWN your primary residence in order to use rental income on the subject MF, the other will let you do rental income from your MF subject property with a "present housing expense" (rental housing expense being ok) so long as you have a 1 year + history of landlording (which it sounds like you do). maybe ask your mortgage pro if they are giving you credit for rental income from the subject property units?

In hindsight, not continuing to purchase turned out to be very narrow minded.This year, after listening to some podcast episodes, and a presentation at a real estate meet up, I decided I had to reengage, and eventually pulled the trigger on the following deal.Property Details:Location: 13537 Cedar Rd., University Heights, Ohio (Cleveland Metro)Neighborhood Rating: A-Purchase Price: $153KRepairs: $65K (completion expected by May 1)Expected Total Investment: Approx. $225KProperty Features:First floor: 2 bed/1 bath, potential rent $1,200Second & third floor: 4 bed/2 bath, potential rent $1,500Separate utilities and heating/central AC systemsInitially, I projected over an 8% cash-on-cash return.

I want to make sure I have the right information before presenting to a private lender and moving forward with an investment.