I have been trying to get a distressed/value add LTR property under contract in my local market for some time now.

I have made some local connections for contractors to do something solo when my current projects wrap up. 

They are usually looking at C or D properties that local agents tell them will “cash flow“ They usually don’t cash flow because of high maintenance and vacancy.

Joined a local investment group and got tons of support How did you find this deal and how did you negotiate it?

., but there’s some good news for renters: local rents have dropped to a 3-year low, with decreases of up to $200.

Would love to be a resource for you here locally in Jacksonville!

Focus on actionable steps like analyzing deals, attending local meetups, and exploring niches like wholesaling or house hacking.

You’ll likely need to look beyond the city limits (in areas that are still close enough to the city to benefit from its local economic tailwinds) if you want to find deals that pencil out.

**Letter of Intent (LOI)**: Though not legally binding, an LOI can outline the basic terms and conditions of a potential deal before the final contracts are drawn up, ensuring that all parties are on the same page.It's always wise to consult with a real estate attorney to ensure that your contracts comply with local laws and protect your interests.

I've been hearing a lot of people re-fi'ing 3 mos after purchase.....at Brew City REI Club's last event, a lender said he could re-fi off appraised the day after purchase but you'd have to show that you did repairs.