Be sure to work with an agent or broker who understands your local market, and consult with a professional who understands all applicable tenants-rights laws related to your transaction.

I have software that will allow me to send out and reset doorcodes so i dont forsee that as an issue

Immediately after the weak jobs report, we saw unemployment applications come in way below projections.The economic pain people and businesses are facing in 2024 is real.

I added a new software platform, got rid of all abandoned vehicles, raised rents, seal-coated and striped parking lot, took out loads and loads of trash, got the phone number working and started marketing to local community groups.

It is definitely interesting what is happening and I could some see landlord and real estate applications coming soon if this keeps rolling.

Happy to send recs in my DM Justin, what software are you using these days? 

@Marc Shin We're funding cash out refis for a lot of our most experience BRRRR clients right around day 91 (to pass 90 days of title seasoning) where we get the process started (appraisal, title, application, etc) around day 60  (plus or minus) when they have the place fully renovated and at least listed for rent (we'll use appraisers opinion of market rent to calculate DSCR). 

As a general rule of thumb most municipalities expect for the applicant to demonstrate hardship.

With that kind of sentiment from the city, the application to build a 6.9 million square foot expansion of the Hoffman Town Center, which is what the lots are all currently zoned for, is highly likely to be approved by the end of the year, possibly pushed to 7.6 million square feet, and will be completed over the next decade.

Software: Stessa for accounting, Deal Check for quick and dirty analysis of potential purchasesMarket positioning: Pet-friendly (fenced-yard, accept dogs and cats), well-designed homes, off-street parking, suburban, full cable TV package (not streaming only)Pricing: Targeting upper-middle market (not budget-conscious guests)So far, so good (since 2020)