Hi Srikanth, I’ve been investing in Cleveland neighborhoods with a similar focus, targeting properties that align with appreciation potential while attracting quality tenants.

He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

If you think that the forums and the books have the same information and the same quality, do you read books at all?

A DSCR loan is going to require more down, have high fees at closing, a higher interest rate, a pre-payment penalty, and will require you to have cash reserves that you likely don't have at the moment.

I am in Florida and we have a strong STR market and most of my buyers bought at high rates and using AirDNA we were pretty spot on for the numbers and we were successful in being profitable.  

And therein lies the risk of high-leverage.  

🚫 “This seems priced too high.

(Currently managing STRs and that’s taking up a lot of our time)* MFH vs SFH: We could consider a small apartment (20-30 units) but we are mindful of vacancy-risk of SFH and high-PM-cost of MFH.

I agree that the full 25% deposits were high for new build rather than EMD.

•Low time requirement for operations – the rental operations can be automated to a large extent maintaining a high hourly return and helping ensure quality control.Financing We have found a mortgage broker who seems to be doing a good job so far.