It is great so many people are doing well in real estate, but thought it would be good to see the flip side and discuss some of those particular events that changed the way you handle your real estate business!- What ...

Durability is the biggest thing here as well as cost.

There are several ways to get this done but it is more labour intensive and the payoff is you get your equity without having to put the money in yourself20% down and rent straight away - this ties up your capital but it's quicker and simpler than rehabbing and you'll find deals more easily - you can still aim for good deals or you can turnkey but you won't be as restricted as you would if you need to BRRRR but the downside is you won't have as much protection against losses as you would if you had BRRRR'd the equity into the dealThen you would drill down to think about the actual numbers you need within your time-frame to be able to achieve your income goals - for example I need 1-3 units a year @ $x per month cashflow for 5 years to get $X per month Given that I have $150K and I plan to (insert financing strategy)I would need to buy 3 units a year at $X purchase price.Then you can decide on your three market areas.

I see so many new folks on here get too caught up on the amazing ROI of C class properties without understanding the downsides.

What are the down sides of not pulling a permit?

We have an accepted offer at full price - home warranty and 5k towards closing cost for this house.https://www.redfin.com/SC/Summerville/9032-Fieldstone-Trce-29485/home/68869691I really like the house, size and location are decent as are the schools.My biggest concern are the comps.

What has been the biggest challenge for you through out this project so far? 

You can lose money either way but your downside risk is *usually* lower the lower you start on the ladder.

The biggest way they gauge interest ends up being pre-approval from a lender because it shows you have already taken "some" steps.

Looks  like a google search could be:  asset based rental loans..Down side is they don't offer rehab funding built into the 30 yr purchase loan like FANNIE/FREDY's HomeStyle rehab loan (like 203k but for rentals) or the new $10k repair escrow for very light fixing at purchase.