A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

You'll get lots of these, some with very enticing financial offers.

Pro Tip: Ask an insurance agent what your rate will be before you make that offer.

How much of a credit do they offer at closing to cover the servicing fee?

On the other hand, many landlords were able to obtain low mortgage rates during the historically low interest rate environment during the Pandemic, allowing them to offer a much more attractive housing cost to renters.

If you order the appraisal before the work is done, they will hit you with a deferred maintenance which means they can not offer a value because work is not done and now they will have to go back out there for a 1004D and it will cost you more money.In the BRRRR acronym, Rent does come before Refinance.

You can offer whatever you think is appropriate and message the seller with your reasoning.

I've seen some lenders offer as low as 15% down on an investment property but the terms they'll impose for doing so aren't usually worth it imo. 

I find properties on the mls and send them to the agent with the offer price.

Investing in Wisconsin and Illinois is a great move—both states offer solid opportunities for multifamily and single-family rentals.If you’re looking to connect with like-minded investors or agents, I’d recommend joining local real estate meetups or REIA groups in the areas you’re targeting.