Current house:Purchased December 2020, $92,000, owe $81,000, worth $160,000 now2.75% 30-year fixed, total payment $559Could rent for $1500/monthPossible new house purchasing from an acquaintance.

Hello, is there a form to fill out if I'm fixing my property once it's vacant and making it rent ready?

An example is a $285k home that would rent for $2000-2200 with a 30 year investor mortgage at 6.25%!

We evaluate the asset off the current cash-flow, building condition, performance compared to peers, rent rates compared to market, and overall health of the local market.

I think there may be some condo rules/by-laws that prohibit this (that when a unit is purchased it needs to be owner occupied first and a for a certain amount of time before renting).

Should I pay the tenant back 1 month rent?

One of the rentals, I rent mid term, by the semester to visiting scholars and the other rental, I rent short term during the summer and mid term during the academic year.

.● Be aware of the average rents in the market.● Familiarize yourself with comparable properties (comps).● Understand what needs to be done in terms of improvements or renovations.● Be knowledgeable about the internal rate of return (IRR) for the investment.● Determine the anticipated holding term for the property.● Know the initial capitalization rate (going-in cap).● Project the exit capitalization rate (exit cap).When facing objections while raising capital, it's important to dig deeper to understand the true underlying concerns.

I plan on living there for a year and renting out after.

DSCR loans will be structured off the rent versus expenses on the property and don't consider your personal income or DTI.