This is my current process: 1) screen for price range/target neighborhoods, 2) Calculate rent/value to identify properties at or close to 1% rule, 3) review photos/other info to ballpark estimate post-purchase capex followed by a more detailed deal analysis, 4) request contractor inspect the property to get true capex estimate, 5) make offer if the numbers work.However, since Febrary I've only gotten to #4 once and never to #5.

Larger operators will get dozens of reviews per month and many more touchpoints in direct communications.Do any of y'all use a vendor, team member, or software to analyze these interactions for insights into areas of opportunity to improve guest experience?

This deal is currently in the development phase.How did you finance this deal?

Unfortunately, I have not been able to get in touch with the landlord directly, as they have PM.

Below is the package I proposed to them as they want to be completely hands off when it is furnished.

By signing below, applicant(s) give permission to (1) current and former employers to release any information about applicants’ employment history and income history to the above named person;(2) current and former landlords to release any information about applicants’ rental history to the above named person; (3) current and former mortgage lenders on property that applicants’ own or have owned to release any information about mortgage payment history to the above named person; (4) bank, savings and loan, or credit union to provide a verification of funds that applicants’ have on deposit to the above named person, and (5) to the above named person to obtain a copy of applicants’ consumer report (credit report) from any consumer reporting agency and to obtain criminal background information about applicants.

The appraisal I had back in November last year came in at $1.97M and it's currently active for $1.7M at 40 days.

I’m married with 4 kids, I make about $175k a year, we have about $250k of total debt, about $500k to $600k in equity in our current property, around $15k in liquid cash and close to $200k in retirement saving.What does action look like for me and my family?

In the current market we are doing majority with no prepayment penalties since there may be an opportunity to refinance if/when rates comes down.  

View report*This link comes directly from our calculators, based on information input by the member who posted.This property was listed $320KDuplex with basement and 3 car garage in a Class B neighborhood .