When you add purchase price, carrying costs for at least 6 months, materials, labor, real estate agents costs and taxes, do you have at least a projected 10% profit?

.- The tenant buyer may decide to not exercise the option or may decide to terminate the lease early which may produce a profit less than the projected returns.- The money partner is not the only owner of the company which owns the property and thus has limited decision making over the property.

I like Columbus because that's where all the growth is projected in the next few years.

Thanks Luka,I'm sure you can find a banger deal in Tampa or almost anywhere for that fact.Just work the market.Nothing works unless you do lolFor example, we buy a $#%@ load of motivated seller lists and my remote team cold calls all day.They are polite, professional and persistent on the phone.Keeping good record and track everything.I'm confident that if we re-target any other market in the US, we could find deals at 30-50% of market value.Just gotta smile and dial lolAll the best mate

Best of luck with your project!

Has anyone here had experience with this type of project?

I tell people the harder it is to zone your project, the less chance a competitor will come nearby.

These two demographics are projected to be long term renters which will help keep vacancy rates low for years to come.In recent years, Pittsburgh has become a tech hub in its own right, attempting to create a dynamic job market similar to Silicon Valley.

As seen above, average rates were in the 6.5% range and projections for both MBA and Fannie showed projected higher rates before they came back down.

DSCR loans are usually what I recommend to ensure approval as your qualification is not based on your income but the projected rental income of the property.