I wouldn’t think those are common numbers.. if you’re buying properties at 26K regularly that’s a different story.

Yet, it seems common practice for wholesalers to use this contingency to back out of the contract simply because they have not found a buyer within the inspection period.

In STR common markets like Gatlinburg this naturally adjusts itself as most homes are STRs so the entire market lifts to meet their cap rates, and they appraise on those cap rates in spirit, even if not technically. 

Now it used to be if you got a job with the government and could count on a fat pension then life could be good and with a few rentals excellent.

In fact, a common colleague of Chris and mine worked with them for a few years but departed once he learned of the issues outlined above.   

If paid by the lender (this is common for conventional financing, especially with retail lenders), the origination and/or underwriting fee is “baked” into the interest rate, therefore giving you a higher rate in exchange for lower out of pocket costs. 

Important things to check include opening and closing every cabinet, looking under sinks, pushing on doors and cabinets, and checking commonly used areas.

However, thorough research on local markets is crucial to understand property values, rental demand, and economic trends.Leveraging Debt:Strategically using debt, especially DSCR loans, to acquire more properties is a common approach.

In fact, the blockchain is public and completely NOT anonymous this is a common misunderstanding.

You can also learn average costs for common repairs in your market to get a ballpark figure yourself.