Did you run a DSCR calculation to determine cashflow?

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

Also, before you buy another property you'll want to determine your ideal next property - meaning, will it be a "rent ready" house, a major renovation project, or somewhere in between.

How would I determine which is best for me?

to determine neighborhood classes.

This will give you a great starting point in determining rent for your underwriting! 

If you're using a DSCR loan to purchase the home, most lenders use the lower of the lease agreement or 100% of the market rent from the appraisal form 1007 to determine the DSCR.

The two things that will determine the listing when you go to list for your specific house, it is price and condition.

If anyone has gone through this experience, would really appreciate your help to determine exactly what licenses, permits and tax accounts are needed to be in compliance.Thanks so much! 

Interesting, since when did it become HRs problem (or legal right) to determine that "he is supposed to have found housing already".