I am an out-of-state investor living 1500 miles away from three properties that I am currently renovating to rent or to flip. 

Hey Jack,I'm currently living in R.I and I grew up in MA.

I'm currently in Potomac, working at a private school here. 

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

Current landlord questionnaire - we send the current landlord a couple questions about on-time payments, cleanliness, eviction status, etc.2.

I currently work for a company called Welcome Home Milwuakee and we do residential property management.

Interest income is interest income, unless you decided to roll some of the current cash into a self directed IRA at which point your interest income would be deferred for a later time and allow your funds to grow tax free.

Since 2022, rents tracked through the MLS system for the Charlotte Metro area have steadily dropped.90 Days of InventoryWe currently have 90 days of inventory on the market, a trend that’s persisted for five consecutive months.

For example, what is the current zoning - does it meet your needs?

It is why it was first on my top 5 of current risks.Feel free to DM me and I'll send you my 10 Tips for Wrap Mortgages along with a video from an attorney that knows this stuff.