If P&Ls were manipulated or tenant histories weren’t properly vetted, that’s a serious issue and could form the basis of a strong misrepresentation claim.

Some banks and credit unions are more flexible, especially if you have a strong financial profile.

For LTRs, prioritize markets with population growth and strong job markets.Wherever you choose, work with an investor-friendly agent who knows the local market and can help you analyze deals.

Why not work with an agent to craft a strong offer if it’s a good deal, don’t just lowball for the sake of lowballing.

NE Minneapolis has strong rental demand, but no area is hot in the Winter.

If you are not starting from a very strong financial position and you do not have the ability to quickly stockpile cash quickly from other means then I definitely agree with that statement from the book.

@Lolo DruffWhen investing in properties, I aim to balance high cash flow with appreciation potential in affordable, stable markets with strong rental demand.

And if you're open to checking out another market with strong rents, positive cashflow, and 1% deals - I recommend Columbus OH.

And don't underestimate the power of a strong first impression – a well-maintained exterior with a fresh paint job is key.Just remember, even with the best upgrades, color choices matter.

Meanwhile during the eviction period, we finalized our architectural plans and started the permitting process in the county so we didn't lose much time.