Determine how much the remodel will cost to include holding cost and get a good estimate of what the property will sell for and then figure if that leaves you enough profit to make it worth your effort.

I would make the argument property management agreements are some of the most important to get right and worth the expense to ensure they are papered correctly.

The thing is the real rate was between 9 and 20% a year because of the structure of the loan, whereby the principal would actually increase over time but it wasn't mentioned in their marketing literature.

Using ChatGPT or other AI will help with SEO in your posts to increase engagement. 

Maybe kinda high expectations though.My biggest pro is that the barrier to entry is so low for the studio condos that is the low risk worth the lower reward?

I'm not sure it's worth the $20/mo vs. pricing appropriately and offering strategic discounts when vacant.Thoughts?

This loan type has a prepayment penalty unless you buy it down or the property is in a state that has certain rules (sometimes lenders prohibit them in certain states and you're forced to buy it out, which will increase your interest rate).

Just remember that you're robbing depreciation from future years, so your tax liability may increase later.

Since it is more than one year I own the house I was thinking to do cash out financing on 2 rentals...they both are worth around 125k and get 1500 rent.I went to lot of banks and everyone is quoting about 4000 dollar closing costs for each house for cash out financing.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.