Rentals in those cities MAY yield you 3% net, why bother? 

Hello-New to hard money but not to rentals, I own 5 doors that I have funded myself but want to keep some reserves so looking into hard money for my next deal and will refinance into a conventional loan to keep the property.Are these typical hard money terms or is this too much?

This wasn’t our first go with short term rentals.

It would be a long term rental.

Verifying last 2 years of rental history very important!

It would be a long term rental.

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

If someone was building their home new (or major reno) for the first 5 months of the year and then places the property into service in June, does the first 5 months of contractor work (building the new home) count towards the calculations or does the timeline only start after the home is put into rental service?

I agree with with Jordan that long-term your time is probably better spent focusing on residential sales especially with your goal to own multiple rental properties one day.

My name is Al and I’m a newbie investor looking to learn as much as possible so that I can purchase my first rental.