To depend on the rates to drop substantially to cover refi cost is a gamble.

Too many new investors blindly copy due diligence checklists from the internet, assign equal importance to each item and blow up deals over nothing.

I have a website built already and it's been up just floating about in the space of the internet with no organic searches.

I don't mean anything against the sterling members of this site, but I absolutely wouldn't build my business around any "loopholes" in the law offered by someone on the internet whose credentials I don't know and who risks nothing by saying whatever they want about legal issues.

One learns very quickly and unfortunately usually the hard way that cash tenants are a huge gamble and that section 8 is the only way to find healthy, consistent, positive cash flow in Detroit and many of the other inner cities accross America.

During the warmer months of the year I typically pay the electric bill and for my internet/tv services.

One time we had guests that brought a dog (against policy), tried to sneak it in but got caught on outside cameras, provided a bogus emotional support certificate they downloaded on the internet after the fact, left the house a wreck and then left a bad revenge review after we reported them to the platform.

Not at all and history shows elsewise, but I don't see this going anywhere than yet another pointless internet argument--so good luck!

It's like gambling for them but will want a much higher pref and much higher equity upside from syndicator because of little to no track record.

And your gambling a LOT of $ on trying something out, via purchasing a property to try the waters.