We tried for a while to purchase a 1br condo in the $400K range but we were routinely beaten out by all-cash offers and folks willing to pay way more than we were.

We are getting offers routinely in the 75% LTV on the PP, and 100% LTV on CapEx.

Hey @Chris, another way to think about it is in terms of acquisition costs (most of your fixed costs, which are just buyers negotiable closing costs), holding or carrying costs (recurring payments of taxes, insurance, utilities, routine maintenance, etc.), renovation costs, and disposition costs (seller's closing amounts for transfer taxes and fees, realty commissions, atty fees, title fees, etc).

You just have to get comfortable in the uncomfortable because you most likely wont know anyone, but who cares, what else do you have to lose?

(And on a side note, this usually results in some level of deferred maintenance, since there is no time for "routine turnover maintenance").There are obviously differing schools of thought here, but as an experienced property manager, I actually dislike advertising units for rent before the current tenant vacates, for a few reasons:1.

In fact, if this is a company who is doing this routinely, I'd ask for their other landlords they've done business with as their trade references.

I am brand new at this and, honestly, pretty uncomfortable.

It’s another live-in flip because apparently live-in flipping is a lot like birth, you remember the great outcome and have amnesia about how uncomfortable it really is in the moment.

At the same time I routinely maintain the property per any items I get requested from the management company.

Our family began investing in real estate in 2000. We’ve been fortunate to treat the investing as a side hustle throughout that time. We own units in A neighborhoods primarily. As a result we’ve benefitted from apprec...