Can you afford to sit on three vacancies and the cost of renovation?

I recently financed three new builds in the Jasper area near Big Canoe and I'll be heading up with my family shortly after Christmas for a "tour".

You just need to have certain minimum underlying requirements per policy exposure.I do agree that having $1 million in underlying coverage is not a sufficient reason to not consider an umbrella policy. 

ARM (America's Rental Manager) has had all three of my Birmingham properties for about a year.

The BRRRR calculator may help you understand this better as the results are shown in three different phases - rehab, post rehab and then post refinance.

They divide the investment strategies into three categories: normal, aggressive, passive.- These categories are based on cash on cash ROI.

My only real care about cash flow is to have sufficient margin for safe debt coverage.

That is what I have done in the last three properties I have done, with no problems.

In an ideal scenario, it’s possible to complete the process in about three months—especially if the rehab is minor, you have your financing lined up, and the property rents quickly. 

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.