Today its nothing one sale maybe 4 in a year in a mid west market..

Purchase price: $73,000 Cash invested: $25,000 I was charitable landlord renting to single mom below market rents.

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

Maine in particular has a few markets with a decent amount of multifamilies.

It's a super affordable real estate market where you can still find deals that hit the 1% rule and positive cash flow/great cap rates.

Honestly, unless you’re in a high-end market where buyers or renters expect it, dropping thousands on a sprinkler system probably isn’t your best ROI move—especially if the property has been sitting for months.

Some renters may hesitate, but if the rental market is strong and insurance is covered in your numbers, it can still work.

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.

it's a tough market. 

I look every day for off market houses to flip.