Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Details can be found at: https://www.biggerpockets.com/forums/521/topics/1224992-brew...

Do know of any resources (books, courses, YouTube videos, etc.) to get educated on private money lending?

Now, there are OTHER things that you need, so if you could give more details then that would help us answer this a little more accurately.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

great write up. thank you for taking your time and going in to detail. i have been looking into a business for myself but havent seen much in biz bysell that make sense. just need to keep searching

Worth noting that most firms will do two types of studies (although they may be named differently) - detailed engineering and modeling.