Purchase price: $1,000 Cash invested: $1,000 Sale price: $4,500 Wrote letter to off market property land owners.

These were largely sourced pre-CV19, so eat the fish and spit out the bones.The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk.

I am undercontract on a 1910 house in a small town.

Is there a particular architectural style of house you prefer? 

After a 90 days (which is typical for assumable loans) I finally closed on the house.

.- A PMC is not going to go to the extremes owners do as a PMC can only afford to spend X amount of time on problems for owners - or go out of business.

Labor costs are 20-30% higher than my core market in Denver, which was very surprising to me, which makes finding a PM that has in house maintenance, electrical, plumbing, HVAC very valuable. 

Originally posted by @Diana Jing:@Elsie Q. we completed our first build and actually had a tenant lined up before the house was even completed. 

This is easier for someone who earns a fixed salary, no overtime, no complicated pay structures, not a business owner, etc.   

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!