I've been interested in becoming a farmer for as long as I can remember, and as I've looked at the viability of getting into farming, I've seen how much debt people go into to purchase land and equipment, and how crippling that debt can be for both the farmer and their family.

.* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date:  05/10/2024Purchase Price:  $85,000Rehab:  $31,000ARV:  $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent:  $1,450 / month (just listed so no leases yet. 

Recommend: target Class B properties, maybe Classs C+ in gentrifying neighborhoods.Run your calculations BACKWARDS to determine the purchase price for the ROI YOU WANT.Make that offer.Repeat as many times as necessary until an offer accepted.Before the 2008 Crash, we used to plan on writing 100 offers, to get maybe 10 accepted, to actually close on 1 property.It takes work to be successful!

Purchase price: $155,000 Cash invested: $215,000 Sale price: $417,500 This single family home project was a personal flip project.

A rural-marked appraisal will be capped at 65% LTV; vacant is OK on purchases and refinances with less than 6-month seasoning.

@Joe K.I do not know the details of your specific situation (amounts owed, class of property, etc.), but, in my experience, it is a waste of time.

Right, so you have to get more creative on the purchase, focus on getting good deals, and have multiple back up strategies for renting. 

I went to my local courthouse to see how to purchase houses in the bidding format and saw several big fish there.

I put out a monthly newsletter specifically made for investors that covers multifamily and rental stats and trends. 

Someone who had purchased the legal STR with NUC or in "Resort Zone" they most likely be doing alright, but for someone to buy in 2024 and do STR, I think it would be very hard to make a decent ROI.