Allows you to tinker with occupancy, daily rates, various expenses, and loan assumptions.

Turn time on draws varies but on average the holdback teams usually respond to your draw request within 24-48 hours of receipt outlining the process and what additional documentation will be required.

In general, a house built say before the 1950's or 1960s a basement remodel is going to be a lot more expensive than a newer built home, but that is a big generality.

I've also built and seen others build a lot of equity in that time.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the "sweet spot" in Metro Detroit.

However, if your sights are set on long-term appreciation, Columbus might be more appealing, with the city experiencing impressive property appreciation surpassing the national average.

In bay area, if you can buy anything most likely appreciation and time will do its magic over years (i.e. 7.2% average appreciation over last 25 years). 

As an example, I'm personally looking for long term appreciation to generate wealth in the future, because I make money for my day to day expenses with my current job.

He keeps 1/3 of any amounts he collects, and passes through any expenses he incurs - such as service fees, filing costs, etc.

It is more expensive though, so I may look into yours too, thanks.

If you are looking to generate tax breaks, if the property is a more expensive one, you might do a cost segregation study and accelerate the depreciation deduction when you purchase it.