You'll also receive a lower ranking on Airbnb and other listing sites because you don't offer an amenity that everyone else in the area has. 

I have done the work to close on the home in a great market and my strategy is buy and hold.

Hi to all I am a brand new to this BP and a completely beginner investing in real estate.I have applied for a second mortgage for my next primary residence and on the process hopefully closing at the end of August (brand new home), now I have contacted some credit union to apply a HELOC and advised me to apply before closing of my current primary home.

If it's your 1st rental then the LTV maybe lowered from 80%LTV to 75%LTV.Happy to chat further!

A FORMAL loan Mod done 9-16-2020 (But NOT recorded until 6-9-2022) reduced their rate to 3.375% to be REAMORTIZED over 360 Months.Looks like HUD took back a SUBORDINATE 2nd lien in the amount of $101,500 dated 9-16-2020 (Recorded 6-9-2022 at the same time as the Loan MOD was formally recorded)BUT they fell behind AGAIN so then another Loan Mod was done on 4-14-22 (recorded 7-15-2022) which reduced the Interest Rate lower to 3.125% to be REAMORIZED again over 360 Months.

With regards to "red tape" I'll tell you that the week after we closed on our property we received a letter from the historical society welcoming us as new owners, but they also informed us that any work done to the exterior needs to be approved by them first.

Your goal should be to break even or come close in the first year, then let inflation work in your favor for rental renewals and building equity.

They disappear from auction sites because so many of them are not free of liens and not ready to sell or close.

Thanks,Ken hey yeah we completed the project we have it on the market currently, i dont have anything in that area at moment, but im always looking, i do have a property in columbia and in hampton ga both a set the close with buyers, lets stay connected

All FHA / VA loans are assumable but the seller may not want to participate due to it be a longer process and may not be ideal if there is a huge gap in price since you can only assume how much they owe at the lower rate .