Hard money was the best option for this property, given the condition and timeline to close.

Hard money was the best option for this property, given the condition and timeline to close.

Or, rent growth is assuming 2020-2022 type market conditions.  

Normally when a  property is advertised as "cash only" the property is in poor condition and/or the seller wants to reduce contingencies and opts for a cleaner transaction.

You should be within $50- $100 of market rents for long-term tenants with taking into account the condition of the property.

. ($300,000 * 0.70 = $210,000 – $50,000 = $160,000).Walk the Property: Check for structural issues, roof condition, foundation, HVAC, and plumbing.

Look at their rental history, the conditions of their previous residence, and ensure they have a good track record with past landlords.

The fact that you already have multiple units fully rented is a big plus.If I were analyzing this, I’d start by verifying each cottage’s rental history, condition, and potential for adding more units or amenities.

What is the appreciation, condition, community, class level and vacancy rates?

How long do they sit on the market, are you finding them in move-in-ready condition, or will they need work before you move in?