The paperwork, the tenant communication, the financial tracking – it was all so time-consuming and stressful.

We plan to go all out in the next 10 years to try and secure our financial freedom and possibly begin flipping full time.

But upon looking at court records this person has multiple driving violations and charges of criminal trespassing.

As far as building credibility, make sure you are focusing on markets that you have a track record and expertise in.

For example, a bank would never give someone like me who hasn't built before, a loan to build like this, but we are doing it through our company which has a great track record and I will buy it upon completion.I mainly went with a new build because I thought it was a very unique opportunity given the connections I have working in a development and property management company.

Prioritize your financial stability.

Prioritize your financial stability.

Hey @John Semioli, DSCR may be worth looking into as long as you have accurate and up-to-date bookkeeping records.

fair return methodology used must be “concerned with the financial integrity of the businessas a whole, not the ability to obtain a return on a discrete portion of the business.”MNOI presumes that the rents Landlords chose to charge, in a year free fromthe idea of rent control, provided Landlords a fair return on their investment,as the rents that were charged were based on general market conditions, andnot the upward pressure that policy discussions of rent control may have onthe market.

Now working on my short term properties as I like to do hands on maintenance or designing and financial strategies as much as possible.