If you’re confident in these numbers, it could help mitigate the risk.Exit Strategy: Your plan to refinance after construction is solid, but keep an eye on where interest rates are heading and ensure the cash-out refinance will cover the HELOC without leaving you in a tight spot.It sounds like you're on the right track, but if you're still feeling uncertain, it might be worth consulting with a local real estate professional or financial advisor who can help you analyze the deal further.

For those out of state who want to invest in Baltimore , do yourself a favor research the area well , put your own eyes on it , run your numbers , then run them again . 

Fast forward to today, and I’m thrilled to share how this investment has transformed into a remarkable success story.The Beginning:When I first laid eyes on the property, it was clear that it had potential, though it needed some TLC.

So far overall my experience with rentredi has been really good (I found them through the BP ads) and I can recommend but I do still get contacted by my tenants for their maintenance requests which is the main drawback of not having a full property manager in my eyes. 

It’s a quirky story, but will open your eyes to a different perception of employment and how real estate can be a great vehicle to wealth.I wish you all the best!

We are open to using wholesalers and are looking to get plugged in to a wholesaler, realtors in the area, etc.We've been eyeing SFR ~3/2 in the <$250k range.

Getting it on the MLS will help get more eyes on it for sure but mostly ensuring that the place is in pristine condition and priced slightly lower than your comps will help.

I am not beeping harsh as she requested additional eyes which was good and she was receptive to inputs… I consulted on one today that had 95% LTV OO but no PMI, 2% vacancy as self managed including delinquent rent and tenant turnover, a maintenance/cap ex that was based on percentage but was a quad and her allocation was ~50% of my estimate, and no PM even though she intends to move away in a year or so. 

I have been graciously turning a blind eye to the occupant and dogs situation for the past.

Inventory is something to keep an eye on.