I have seen a lot of strong market appreciation as well so the ability to buy and renovate for a good ARV still remains. 

This process takes a little longer but I have had good success. 

Getting a good handle on those are hard if you have no experience.Think of it like any other rental but calculate out what your food, linen, housekeeping, front desk, upkeep costs are just like any other expense. 

the location was great, condition was good and numbers worked close to 1%, and I needed to find a place for 1031 exchange How did you find this deal and how did you negotiate it?

Good morning all!

Do a cash for keys deal and just try to get them out early… I’ve thought about offering that if they leave by the end of November (~60 days notice) that I’d give them November free + $500 in moving expenses and return of security deposit if left in good condition3.

starting by just brokering loans is a good way to start in states that do not require a license.. raising capital from private investors to make loans is a long process And very difficult if you do not have a long track record or pedigree in the industry.. if someone is brand new they really need to go work for a lender first.. other wise IMHO the chance of success is very small.

Create value for the seller, Our seller, while he still sold for a good price, needed the funds for another project, and needed certainty of close.

This is a fantastic place to start.To answer your specific question about your next purchase, a good places to start would be to reach out to a mortgage broker to see what your options are.

Investment Info:Single-family residence other investment.