Typically lenders will use the total rent being collect or the market rent given on your appraisal, which ever is lower.

Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.

They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).

A monthly fee (typically around $5-20/mo) is added on to the payment.

This can be especially helpful if you’re uncertain about repair assumptions or costs.If it’s a contractor you’ve worked with multiple times, involving them early in the process is often beneficial.

While they typically have considerable deferred maintenance, we're getting great terms.

@Philip Beckwith typically in Michigan, you can only do a tax appeal in February.The instructions will be on the back of your winter tax bill.You will need to have great comparables to challenge the City Assessor's valuation.

In my experience, a successful BRRRR typically comes down to two main things: finding a good deal and managing an efficient renovation.

Typically, a Subway will go for 3.25x EBITDA.

I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k.