When I say "quality" i mean the quality of the neighborhood, and not necessarily the property.For example I am looking at a property that is being short listed for 20k fully renovated (zillow estimate is 35k) but it's in a depressed area with a few rowhouses boarded up around it, but there is an existing tenant there and the rent, cap rate, and cash flow look excellent on paper.

Cause as I see it -in sub2 you don't have to put money in the deal + the rate for the mortgage is lower most of the time, but the work for find the deal and get the deal done is hard.with brrrr it's easier to find the deals, I mean you can also find it on MLS but you have to put money of front and get it back when you refi...so I'm little bit confusedthanks

Probably worth about 260k)Down payment: $100,000Interest rate: 6.75% (option to raise rate in 3 years but not down)Loan Term: 30 yearsBuyers monthly payments:  $1,394.49When I crunch this into Chat GPT is says I am getting a 271.87% ROI.

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

The turnover rate requires effort to continue finding renters.

Specifically, they use a service like Plastiq; you can pay Plastiq a flat 3% fee (roughly) to make a wire transfer without triggering a cash advancement with the credit card company.

You should have a fairly favourable interest rate though don't you?

Lots of lenders are pulling back on the refinances because of some markets declining and rates being so high.

The interest rate ended up at 9.3% with a 9 month term, interest only payments.

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.