Hi Phil,I know that with rehab loans you can typically get past the 50k purchase price as long as it's fairly close, the total loan size exceeds 50k, and the ARV gets to 100k.

Ready for something more long-term and steady income.

Are you thinking of a long term rental, mid-term, or short term?

Is it still a good time to invest in the last quarter of 2024?

Rentals: Both strategies have their merits, but it really depends on your long-term goals and risk tolerance.Rentals: If you're thinking long-term wealth building, rental properties are a great way to go.

Hope you find what you need to stick around for the long haul!

As long as they have a good track record, it can be a great deal.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Lastly, simply raising the rent to cover the water bill seems like the easiest, however, should their portion of the bill exceed the amount I increase their rent by, then it'd be out of my pocket.I'm kind of at a crossroads here with making a decision and want to hear anyone's experience regarding the topic.

Reality is that these rates we have had the last couple of years were historically low.