Usually, those "super cheap" properties become money pits, especially if you don't spend the money to fix them up correctly or if they're just in a bad neighborhood that will attract tenants that thrash the place.

If you only move forward with the 2-unit, you should be able to scale relatively quickly.

Just saw your post about refinancing and wanted to clarify something real quick.

Quick rundown of the numbers:Purchase: $130,000  Mortgage and escrow: $1045 Total Expenses: $1195Rent: $1500Total cashflow: $305Primary issue right now is a 2 year buy back term for a DSCR loan that does have a large penalty for that first 2 years. 

So it is just the words they use, how complete are the sentences, how quickly they reply etc.There are a number of things I look at.

Hey Scott,Just a quick follow-up I spoke to Alex today and he was really generous and helpful.Thank you for the referral!

The way to minimize that risk is to make repairs as quickly as possible (but only for properties containing a residential structure) to make redemption too expensive.

I came to America when I was just 21 years old and quickly got my CPA license.I worked for small accounting firms before getting picked up by Deloitte.I was with Deloitte for 14 years in their asset management practice.

If you only have 1 year then quickly file thsi year’s taxes. 

I agree, the unlimited skips are very attractive.