Hey Joanna - I think the recommendation from Mike on making sure you have proper coverage is very sound advice.

Thankfully those all sound like minor repairs.

Thanks for the feedback. your approach sounds a lot more personable and different enough to actually get potential sellers to start a conversation.

It sounds like most people on this thread are viewing the issue of a non-refundable deposit from the lens of the buyer.

In the future this sounds like something I would definitely be interested to get into, Let’s keep in touch.

I'm now looking to expand my portfolio using the BRRRR strategy and would greatly appreciate your insights.I'm particularly interested in learning about effective methods for identifying potential BRRRR deals.

And saddest part is it's exclusively and wholly due to regulatory/political actions (ie manufactured/self-inflicted stupidity)      For those not in the know, it's worth a read the far too long list of insane anti-landlord measures recently into effect.

As silly as it sounds some lenders will say no to a HELOC for an investment property even if they offer a similar product with a different name.

None of these will overtake the role of an investor completely, but they will slowly help competent investors become more and more effective.

First time investor is acceptable . 2-4 points sounds about right depending on the scenario