I am excited to have found 7e and it is exactly what I have been searching for in my search for passive income that I feel good (great) about in my gut!

Buy in great areas that are not total gut jobs (unless you or someone you know well has experience working in construction!)

Thankful for this community that gave me the guts and information to do it. 

I was in a similar situation when I moved to Florida, and I didn't want to focus on managing a single asset 1000 miles away.Ultimately, what does your gut tell you?

What is the condition of the current primary, what are the numbers as a rental (COC), and what is your gut telling you?

I acquired a 4b sfh through an online auction about a year ago and completely gutted the home and upgraded mostly everything.

**This is my 600th post**My gut says rent control is inevitable.

So free houses will be a while, but I do worry about a shift in the job market.My gut feeling is we will see unemployment depart from the ultra low 3.9% it is now in the next couple months, which has more to do with consumer spending than with AI.

Rates for DSCR on a purchase today with good FICO should be in the low 7s so just run Market Rent Divided by estimated PITI and if you're above 1.0 then you don't need to worry about the appraiser's opinion of that basement (my gut says appraisal gives no credit to projected rent out of the unfinished basement... but perhaps it doesn't matter?)

My gut said don't trust him but he answered all my questions.