Hard money rehab How did you add value to the deal?

That's the value.3/1s are going to be the most outdated thing in REI.

I made that mistake a lot in the beginning - yes putting in new cabinets will be great but it won't impact value much in some of the neighborhoods I'm investing in, for example.If you're local to the area, I think this is a great way to start in the REI world!

It was inspected as a duplex, and I'd bet it'll be appraised as a duplex as well (basically removing the oven gives the appraiser plausible deniability), which could create value issues and impact your DTI if you need to use rental income to qualify. 

**Is it a coincidence that markets with lower home values are experiencing higher housing demand?

@Guy Idan Highly recommend Mark Kenney with Think Multifamily - his portfolio is 10,000+ units and has had many deals go full cycle - very happy investors. 

Their lease term ended, they converted to a monthly rental, so they are only required to provide you with a 30-day notice.In the future, consider keeping tenants on a term lease.

My tip is to focus on what adds the most value to the property and the market you’re targeting.No matter how thorough your initial budget, unexpected expenses are almost inevitable.

Quote from @Brian J Allen:  Because investors don't understand the value of leverage.

The key is to be authentic, consistent and add value to others.