Low down payment is a significant part of your criteria, Michael, and it obviously fits your personal needs, wants, financial position, goals….But for myself, for instance, ability to pay a low dp is of absolutely no importance.  

For instance, I began as a real estate CPA after building out my own portfolio personally. 

For instance, in a time of economic uncertainty, the fed may lower rates but the perceived riskiness of a 30Y fixed rate mortgage may be higher, causing that rate to stay the same or even go up a bit compared to Treasuries.

For instance, the 15th is actually on Friday this month.

For instance, not send the LOI, but make contact.

AirDNA and Rabbu are both great tools but in this instance a good realtor is your best asset. 

For instance, I didn’t install grab bars in the shower, since more penetrations can lead to more failure points based on my experience.

Hi all, new here at the forum and thank you all for all the knowledge you guys share…its amazing.I am interested in this question as well as we just got back into this from like 10 years ago, few things have changed for us, and the main one is finding deals with whole sellers, sometimes the price looks good, but once we add numbers we are currently seeing that everyone else in the deal makes tons of more money than us….for instance, we have checked properties now, where we pay closing cost, interest on a portion of the borrowed money, commissions after selling the property, etc and we see 30-40k going out on all of this,  then we barely make a 20k profit or less on a property of 200k …many of the deal we found we barely get close to a 10-15% of the initial purchased price, which to me sounds like a lot of hassle and my wife says that i am getting old and too picky :)i keep saying that ideally we should shoot for 15-25% profit from the purchase price…if i get a property at 200k and the rehab is 50 and everyone else makes 30k then we should at least net out 30k as well.

In this instance however I know the Seller (RE agent who I have bought from before) and the RE buyer agent for us (who I have bought through before). 

For instance if I was buying a single family house 2bed 2bath, could I say she was going to be renting one room and will be paying X amount.