Now you are over $2k and only bringing in $2100… If you don’t care about the cash flow at the moment and have a good income that can support an unexpected large expense then you should be ok.

I’m currently in the middle of a new construction deal, and have an investor that flips plenty of properties- just closed on 2 of his and we have quite a few more coming. 

Have a salon with a water heater that was installed around three months ago, and the tenant has complained that it's having issues heating the water; I suspect it may be an electrical issue with the system. 

Hi David, Have you considered working with a nationwide DSCR lender?

Anyone have experience with PML for auctions? 

I can’t imagine an ADU would be very beneficial, and most dont have a basement to convert into more bed/baths.

I know a lot of our members who have assets in the market.All the bestGino

I would have ran out of capital on property #2 if I didn't loosely follow the BRRRR strategy.

I currently have $150K equity in my current home and $300K cash on hand.

(An exception is if you own 5% of the company you work for)Agree, this is a great summary post on REPS with core concepts on how to qualify. .I think the complexity comes in when people have edge cases - it becomes difficult to write a simple short post that educates everyone.