Balance Sheet is a snapshot of the company's financial health at a specific point in time.Income Statement is a showing us the health on an operating POV.

It can be tough to make money with high leverage, especially if market conditions change.

I’ve purchased rehab homes on Long Island that were cheap for the time due to the area or condition of the home.

Unless there is an infestation caused by the condition of the home, this is a tenant responsibility just like swatting a fly.

A question for everyone viewing the post: Would you consider HELOCs as a conditional strategy only reserved for ' great cash-flowing ' deals?

Conditional and unconditional lien waivers prior to getting paid.Happy to chat more

I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.

Next step"If you could sell today, what would you like to get for your property, considering no closing cost, no realtor fees, and as-is condition? 

However, it's essential to fully comprehend the terms and conditions and carefully estimate cash flow, factoring in potential market fluctuations.FHA Loan and Work History:Waiting for another year to establish a two-year work history for better FHA loan approval terms is a patient strategy.

They are month-to-month and pay below market rate.I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k.