You're very under leveraged compared to most investors trying to scale.

If you offer 50k under list on a property that is 100k overpriced, you still overpaid by 50k.

If not, you’ll need to resolve these liens, which could complicate the investment.Current Occupants: The family living in the property could be protected under Massachusetts’ tenant and housing laws.

Under current law, annual property taxes would be $2,300.

FHA 203k is an amazing product and under used! 

LTV under 50%. 30 yr fixed @3.75% LLC (3)• Investment condo - purchased 2021.

Still need to screen S8 prospects though.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

We are in a safe community, so tenants can choose to leave the door unlocked or hide a key under the mat.

In fact my last completed purchase (I am under contract now for a different purchase) was huge negative cash flow.