How did you add value to the deal?

All of our properties came out pretty much unscathed, but like my own house we were careful to always try to buy properties away from water and flood zones and on high enough ground to avoid inundation.

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

Show Your Financials: Provide documentation of your personal finances, including income, credit score, and any other properties you own.

But it is not of high importance.Most of the work i would contract out tbh, I was just also looking for some areas I can learn to do myself in the process of this project.

If the answers are "yes" and "no" to those questions, respectively I'd highly suggest you look into Detroit's down payment assistance program.

Step up into the 300k or high as you can and you'll see some great appreciation, quality renters and shorter vacancy periods if any.Sink as little into Dead Equity as possible, write off everything you can and after 5 to 7 yrs, when you click on my website and see: 100% 80/20 680 score, NO DOC Hybrid Option Arm with 1% min. payment rate100% No PMI to $1,850,000100% No PMI- one day out of BK to $1,000,000SELL, SELL, SELL, SELL EVERYTHING!!

Local laws may also include protections based on other factors such as source of income or eviction history.Disclosure Requirements: If you are using third-party screening services like SmartMove or another credit reporting agency, you must provide the applicant with an "adverse action" notice if you deny them based on the results.

With your oilfield salary in the low 200s, you’re in a strong position to invest in a 4-plex, which can provide better cash flow and economies of scale compared to a duplex.

It varies from county to county on how they handle it and some give great exemptions or a flat reduction to value.