If it goes well we may convert a few more to this operating model looking forward but one step at a time.

The challenge with SFH as rentals is that it will be a while before you see any significant return on ur investment.With REITs, Private Equity LP investments, etc. you can start making money in as little as 1 week.

This was a late model single-family house in a good quiet neighborhood.

My wife's full-time job is raising our children, but her side hustle is managing the day to day operations of the Airbnb, so we have a unique situation that would allow us replicate this model in the future :). 

When COVID hit and we were not allowed to show property traditionally we changed to an application first model. 

The data is not the problem, the problem is potentially being rejected by underwriting because the predictive FICO model deems you as high risk.

As far as his HUD training course it is something that is extra and not his primary business model.

I've got a project manager in place (because I can only dedicate part time hours to the actual rehabbing process), and I'm shopping several different properties in the area.I was really surprised when I started doing some hunting and seeing 30, 40, 50 thousand difference in LP and Tax-assessed value here in Fort Wayne.

My model was buy a property, rehab, put tenants in place, cash-out refinance with the lease supporting income for DTI calculation, repeat.

Southern IL has a lot of markets where more traditional housing competes with the affordable model, which is not ideal.Next, anyone looking to help you out here will need a tad more information to assist you in an evaluation.