I'll report back with what happens!

(Source: The Mortgage Report)Here's the link for more details: https://themortgagereports.com/107690/fannie-mae-introduces-...Opportunities exist in every economic cycle...this is a great one for building and preserving wealth.Best... 

And that's not including any kind of margin.

This has included taking a property that was getting very run down and remodeling.  

@Christopher Mooney NOI is Gross Receipts - Expenses...including Property Taxes/Interest/Insurance, etc.Income tax is based on the NOI less depreciation.

Industry still looks at STR as a bit riskier than LTR cause there's no lease.Lots of investors use bridge loans which are short term loan programs that include funding toward the acquisition plus funding toward the rehab. 

p16  "Salzano used this money, much of which was traceable to Fund investors, for an array of lavish personal expenses, including erectile dysfunction medications, expensive dinners, extravagant birthday parties, and payments to Individual-4 (Salzano’s wife), Individual-5 (with whom Salzano had a romantic relationship), and Individual-7 (Salzano’s ex-wife), none of whom worked at NRIA in any capacity."

Would really appreciate the advice. before renovating the property, just want to confirm that you ran a title report on this property and there are no other liens.At an upset sale other liens are not wiped out, recently saw someone buy a home at upset sale that had $100k owed on the property and they did not realize it.

Moreover, other investment strategies are worth exploring if you are predominantly interested in high-yield cash flow; these include rent-by-the-room (which Josh and I are well-versed in), short-term rentals, and medium-term rentals.

Published 3 year crime report from the PD for Part I Crimes is showing a 4.3% drop in crime from 22-23 and an 8.9% decrease since 21-23.