I now get monthly emails with updates to my home's estimated value, along with metrics such as how much rental income the property could generate.Their pricing algorithm is a blackbox to me, so I can't endorse the product.

I am paying him 1 million to build all those houses.. but keep in mind I do all the accounting and pay all the subs directly he acts more as a site supervisor .. but he also has a stellar reputation so we get a lot of milage when we say its a XXXX built home can put a price on that.However i have used this same model in Charleston SC for 600 to 2.5 mil homes ( built 40 homes) cant buy lots there anymore that make sense...

You can file a Writ of Garnishment to seize their wages and bank accounts.

We also did many calculations of income and expense models over time, based on usage.

Take into account with Option B that your rents are actually getting hammered this year probably through 2026-2027 given austin's development.

The 8 mos isn’t quite long enough to utilize just the STR income to qualify but many lenders allow AirDnA projections to be utilized as the income to qualify.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Anything greater than 5+ units is considered commercial and usually underwritten based on the occupancy and rental income. - For greater than 5+ multi family properties the 'best' initial source for financing could be a local credit union or bank.

My mentor taught me to double my estimates for what I think my project will cost and ½ what I project my income to be.

Sum with Gross Margin and that's your EBIT (earnings before interest and taxes).Next subtract out interest expense and add in any interest income(probably none of that).That gives you net profit before taxes.Then subtract out tax expense.That final number is your Net profit or loss.The principle is accounted for on your balance sheet as you pay your loans you reduce your mortgage liability which increases your balance sheet.