It's oversaturated, and you find yourself having to cut your prices to stay competitive.

Don’t forget to calculate California’s big cut.

@Amy HuThere's no clear-cut answer to what does and does not count towards 750 hours.

I had one good c/o bridge lender but they have cut leverage a bit as of late.

The reason for this is that there is outsized competition with your fellow landlord hosts, who are also pursuing nurses, and a shrinking demographic of traveling nurses (cost cutting, covid cuts, etc.)

I have seen too many investors create a truly beautiful property but a much higher end product that is out of the market norms cutting deep into their profits.

Every third-party GC is going to mark up 10% to 30% to make their cut.

Bank statement loans work great if your business gets a large amount of monthly deposits because the way the lender calculates income is by adding all your deposits over the last 12 months then cut it in half and divide that total by 12 months then take 50% of that remaining balance and use that to calculate your DTI.

Chad I find these NE states to be quite complex compared to the west coast states that are really cut and dry when it comes to these issues..

If so, try a 20% price cut.