This is where you put a little lipstick on the thing, without improving much of anything, and then you stretch the existing tenant profile $100.

We can both work remotely, so we really wanted to take advantage of this time to make our dream happen.We started small, by acquiring several single family and small multi-family properties.We set a stretch goal to own 50 units by the end of 2021.We self managed everything at first, which meant nights and weekends hustling to fix toilets and turn units.

So I am not sure what your fixation is on telling me and other investors to do their own pro-forma...I agree with that statement...buyers should do their own numbersIt does not make my point any less significant, realtors(like all other humans) make some pretty outrageous claims, and/or small stretches of truth to hype a landlocked swamp parcel(figuratively speaking, sometimes), because the asset needs to be hyped because no one would buy it otherwise...and this can be a time suck from real motivated buyers having to filter out goofy deals.

I would say 90% of our clients buy significantly below their max pre-approval, the rest are very young first time home buyers, they sometimes have to stretch.

The home is also on the main stretch, corner lot in a small town. minimal business there there but some. 

@Erin Hong40% usually the minimum I put down I won’t scale as high but when I put down 40 60 or 100% cash I have zero fear of what may happen to the market obviously ensuring I’m buying in a market that will grow and has a lot of people moving in the area for jobs I’m strictly doing ltr’s but what scared me was friends and acquaintances that over stretched themselves and went short sale when the market crated over a few yearsThe more you put down the more you can weather the storm if/ when it hits

A lot my new investors go with the BRRRR- buy, rehab, rent, refi, repeat because that will stretch your initial upfront cost as far as possible. 

That's a bit of a stretch right?

Just be careful with neighborhoods like this as realtors and wholesalers like to stretch the boundaries of these neighborhoods and you could end up on the wrong side of the tracks.

Spreading rehab capital across 2-3 total rehabs could quickly have you stretched too thin and not tracking towards being listed.