People mentioned master lease so are they essentially arbitraging the unit?

REISimpli seems like a decent tool from what I can see on it.

I essentially present to them my numbers of what I can redo the property for, and they loan me 80% of the ARV basically no questions asked except for an appraisal.

Hi Otis,Self-Directed IRAs (SDIRAs) can be a great tool for funding real estate deals, especially for private money deals.

Learn about the Net Operating Income (NOI) and Capitalization Rate (Cap Rate)—these are essential to analyzing the potential profitability of a property.Return on Investment (ROI): There are different ways to calculate ROI in real estate, such as looking at your total return after a sale or assessing your rental income versus initial investment.

I think the internet is a fantastic tool we all utilize to do our due diligence - no doubt.

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

Essentially the only people who CHOOSE to move in the winter months are getting evicted from other people’s houses.

@Sebastian Nadal for background checks, I use stessa/rent prep that’s available to us through biggerpockets tools.

California is the only state that has essentially put a rent control type of restriction on home owner insurance premiums.