Feel free to ask anything, anytime.Cheers!

Feel free to reach out if you have any questions or would like insight to the up and coming neighborhoods

Feel free to ask anything, anytime.Cheers!

@Jay Hinrichs, as Chris posted in another forum, let's just say it isn't just the students that are feeling it.  

Happy to engage in conversation on any number of topics including financial stacks if you are.

Can the travel mileage incurred during this time be included as start-up expenses?

I read it a lot of different places including on bigger pockets.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Houses that sustained fire events have long term consequences including structural damage and mold that results from water intrusion required to extinguish the fire.

@Jordan Sachs I feel that $3000 is short money for an easy fix to the problem.