My plan was to give them until the end of February at their current rent before signing new leases on March 1st with increased rent if they want to stay.

Our predictions were right and it didn't rent until March, so we lost a few months of rent due to vacancy.

Our predictions were right and it didn't rent until March, so we lost a few months of rent due to vacancy.

February and March historically show the greatest buy-sell activity. 

March 1 through Thanksgiving is optimal leasing time, with April through June the most ideal. 

The Agreement will auto renew each year until March 31, 2024 at which time payoff is due.

This is as of march 20th, 2019 of course.Additionally here are some important advantages with VA financing you have over other loan products:- there is no title seasoning on VA so as long as you can document the value increase that has occurred either through your value adds or through the market increasing purely from buying a good deal you can refinance right away even for a cash out refinance unless conventional which requires 6 months and FHA which requires 12 months to use market value- VA can finance up to 100% of your property's value which allows you to avoid lower appraisals as with conventional or FHA you have to get minimum 2.25-5% equity in order to refinance- VA funding fee which is often pretty pricey (bordering hard money in terms of points charged 2.15 - 3.30 pts financed) can sometimes be waived if you have service connected disabilities or receive disability compensation for service connected injuries so check into this- make sure you save all your contractor invoices and receipts so you can document the improvements especially if there is a very large gap between what price you paid versus what value you're pushing for on your appraisalHope that helps and good luck on your BRRR.

Let me know if you need help building a bigger soapbox. 10 Years And 401% Later: A Look At The Longest "Bull Market" EverExactly ten years ago on March 9, 2009, just as rumors were swirling that the Fed would unleash and expand its QE1 program by $1 trillion (confirmed on March 18, 2009), the current "bull market" began and since then, despite coming within inches of ending twice once in 2011 and again on December 24, 2018 when a last minute buying surge prevented a 20% peak to trough drawdown, the S&P500 has climbed by 306% in price, or 15.2% annualized, while including dividends, the index has generated a total return of 401% (17.5% annualized), ranking in the 94th percentile of 10-year annualized returns since 1880Curiously, despite the record duration of the bull market, which was made possible largely thanks to two key catalysts: an unprecedented expansion of central bank balance sheets which bought over $15 trillion in assets in the past decade, as well as trillions in stock buybacks, the S&P 500’s return including dividends trails all but one of the 12 bull runs since the Great Depression.

. ** the $475K is with closing cost and VA funding fee rolled into loanMarch 2019 Purchase TOTAL 475kMortgage payments $2874 ins&taxes included March 2021-owe 435kMarch 2021Sell 500kOwe 435Fees 40k (8%)Equals 25kMinus the difference I paid for 1 yr oop for $2500 Rent = 374 a month X 12 = $4488$2600 Rent = 274 a month X 12 = $3288Profit= $20,512-$21,712Would you buy a rental property and sell in 2 yrs even if you’ll be coming out of pocket or just keep renting?

I was pretty sure it wasn't a buyers market there yet so figured it was just a frustrated buyer wanting the band aid torn off quickly!!!