It is possible to buy too many too fast and put yourself in a financial hardship.Have you ever heard of a startup store that done real good and added another store that done good?

@Nathan Frost typical for Detroit, that's why we offer our clients several security options, including removing & storing mechanicals when vacant and then reinstalling day tenant moves in.What makes you think the seller will install new mechanicals?

If you receive a loan application that reads: How many flips have you completed in the last xyz years?

To receive the 4% ratio, you have to submit an application showing the property is your primary residence.

I knew a guy who had a deal with his local liquor store.

or scammed them on their application fee (like we're going to make a ton of money off those).

However, it's important to note that this is only applicable within the city limits.

Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).

(Do you really want an applicant who can and wants to move in tomorrow?

I store some funds in a HYSA as well as lower risk investments.