This took under two months to get rent ready and should cashflow about $500+ each month.

I will be here for 6 months to a year and looking to continue hands on support/experience.I am a construction manager and have a lot of background in contractor management, site scheduling, and quality control.

EBR housing allows around $1,300/month for 3 bedrooms.

Hey Stepan, Some changes I'm advising and seeing my clients implement are expecting an extra 3 months of holding time and undervaluing the ARV just a bit due to high inventory on the market. 

I spent a couple months in Orlando back in 2022 for while working with Main Street Renewal.

As of today, we owe a little over $149k at 3.375% with payments of $1642/month so there's equity to pull from.

Use a bridge lender that is okay with gift funds or Gap funding, then refinance at 3-6 months once it is fully ‘seasoned’ 

That one will take a year, but then it will get 25K a month on 2.5M, and there is an RV park as a bonus.   

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

For example, if you need $7,000/month to replace your current income, and each property costs $250,000 and generates $300/month in cash flow, the amount of cash you'll need just for 25% down payments is $7,000/$300 × $250,000 × 25% ≈ $1,458,333.