Hi everyone,I’m reaching out to see if anyone has experience dealing with local regulations that seem to overstep property ownership rights. Lately, I’ve been encountering some challenges with municipalities imposing ...

As a long-term, it looks like I could rent for $1,400/month.

It's Alot I want to dive into that will benefit me income-wise short term long term.Looking forward to connecting with you all.

Hi all, I bought a townhouse/condo in Salt Lake City, Utah and I am planning on doing long-term rental with it.

Not having done your 2023 return will in all likelihood 'hurt' you somewhat in the short term because lenders will want to see it.  

Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab. 

Not just being wealthy in terms of finance, but with time and lea-sure.

I have seen some hard money loans for rentals that can cover the rehab but the rates and terms are terrible.

Hi Javier, the numbers look fine in terms of the purchase price, rehab, and ARV (depending on what kind of work you are doing).

I would review my loan agreement - as the bank must abide by the terms within that.