As for your plan to snag 4 in one year, that just comes down to your finances at that point and the interest rate.

My parents live in the Katy neighborhood.It is very safe and from what I understand, has a good school system.A lot of the homes are 'newer builds' since it is still a relatively new neighborhood.You are also in downtown houston in about 30 minutes during non-rush hour times using the I-10 highway.I don't think you can get the 1% rule anymore in the area but close to it.Since the homes are newerish, hopefully the property won't have too much renovation / repair costs.Best of luck

What are cashout refi rates looking like on primary residential these days?

Hey @Kevin Poulin, I pull all the basically similar places on AirBNB and VRBO.Check their nightly rates, occupancy and amenities.

She is about to head out as the school year is almost over.She doesn't provide any supplies usually.

As mortgage rates eventually drop, your cash flow should improve over the long term.

I assumed that was a financial model projecting cash flows over time given a certain reinvestment rate.

Congrats on getting out of school with no debt and having $50K saved up!

Yes, in my opinion because of the terms and rates of private money it is best used for short term acquisition and rehab.

To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.