A few other comments;For Philly: It's best practice to include the required documents in the final lease packet and have the tenant sign or initial all to prove receipt.

Instead of selling the home, you could continue to rent it at market prices either to the seller or a new tenant once the initial lease was complete.

In our experience, a well-vetted VA can help streamline deal sourcing, initial due diligence, and administrative tasks—allowing investors to focus on strategy and decision-making.In our team, we take pride in hiring professionals who truly understand the nuances of the industry.

@Jacob Welbourne were you able to BRRRR the property and pull out your initial investment?

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

Initially, I was focused on multifamily properties, but after doing more research and considering that I will be making Florida my primary residence, I believe that house hacking or short-term rentals (STR) may be the ideal route for me.i still will own my Southern California home; shift it to secondary.  

We were not interested in the initial asking price, but countered with a much lower price.

Initially the numbers were 40k for rehab cost Lessons learned?

Despite this, I have tried to be patient and haven't initiated any eviction proceedings, even though Hawaii Tenant Law allows me to issue a "notice to pay rent" after just 5 days of delinquency.I've heard that if you're having issues with a military tenant, you can contact their commanding officer to help resolve the problem.

Hi Charles, As long as the borrower can show they have similar renovation experience, you should be able to do 80-85 on the initial PP and 100% of the rehab financed.