This could push your rent up to $7,500 or even $8,000, which would make your cash flow positive.In summary, the refinance could give you a good return in the long run, but the negative cash flow in the first few years is a concern.

I found your guide to columbus ohio which i found extremely helpful.  

From a lender standpoint I think the main areas of concern with auction properties boils down to access.

.- The holder of a work permit does effectively become a tax resident as far as the CRA (Canadian Revenue Agency) is concerned at which point they will qualify for certain things such as purchase a house without being considered as the foreign buyer; hence, foreign ban hammer not weighing on them.

Florida and Gulf Coast insurance should be a concern. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

It makes sense in places where it has temperature extremes.

My chief complaint is the lack of communication and an actual project management plan... thats good news I know some lenders get pretty concerned when construction is so slow.. but sounds like a great deal and I know RTR will be there every step for you guys.. did not realize they were the conduit for this transaction.

He resorted to personal attacks on the integrity of other posters as well as a seemingly paranoia concerning posters being somehow associated with the subject company.  

Wholesaling teaches you an extremely valuable skill in RE: How to find off-market deals.