Even though the FMRs are $730, I was conservative and used $600 for my Pro Forma- The current owner hasn’t raised them at all because he didn’t want any turnover- outside of cleaning and painting, no big costs- Not Section 8 

With zoning changes making California’s real estate market even more attractive, now’s a great time to dive in.

With the tech I am using (a lesser known PMS) I am able to automatically screen guests, get their selfies, write leases, and collect deposits in my work flow even for Airbnb guests.

Prior to clean up make an inventory even if burned.  

Do another heloc if anything, sell your primary, OR find creative ways to cashflow even more from this property so that way you can subsidize your interest payments for your primary home.

Also, focus on 2 years of job/income stability.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.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?

I have a house where the information bubble (assessment, stats, value) is a house two blocks away, even shows a street view picture.

Has a massive stand of desirable trees (hardwood would be a must) Oak, Maple, Walnut foresters wont even bother unless you have acres and acres of harvestable trees.