I don’t care if you steal a property, high quality tenants will never sacrifice on being safe and feeling safe.  

BRRR worked great pre COVID but only really cash flows now in high crime areas. 

I'd strongly recommend against a single family home and only target properties with at least 2 units otherwise it'll be difficult to cashflow in this high interest rate environment unless you plan on using a large amount of liquidity in the purchase.

I have used united granitethey are in willow brook- more south west burbs but i’m sure he would travel. my guy is Oswaldo- DM me for contactyou gotta go to the warehouse to pic out your stone and he doesn’t do demohe charges $200 to provide the sink which is a deal i highly recommend

The bank will value the asset as-is - that be, the current rent roll and performance of the property.

Rents seem high and in demand as well.

Some states will give the underlying land while others will give the land but expect the newer owner to compensate the old while still others would require the owner to compensate the person who performed the value add.

Quote from @Dylan Webb: Hello, here's my situation:My wife and I own several properties separately.2 of the single family homes combined we have conservatively $150,000 in equity ($90,000, $60,000) I want to use one of these as collateral for a small loan of $30,000 to put down on a high cash flowing property OR have a lender finance the whole venture at a purchase price of $160,000.

We’ve booked yurts in Colorado (hike in only at high altitude, bring all your own stuff), remote cabins in Northern MN, etc.

It sounds like a good opportunity and I want to pull the trigger but I wanted to get some reviews since the program is a high ticket of $15K I couldn't find much online about this program or Brian Grimes.