Each person can make a different decisions and that be an okay decision based on their goals.

DSCR will likely be very hard on a property like this considering the hotel-type nature (the info mentioned in #2 with the business website, online booking capability, etc.). 

Fort Worth based with the organizer Jimmy Reed.

when lookin at skip tracing providers, find one that has pricing and payment options available based on the volume you'll be submitting.

Hi @Kaveh Narimani, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.

So hearing everyone talking about doing cash out refi's to buy more property I did but it came back to bite me in the butt.I bought a rental house back in 2012 and naturally values went up so after a couple years I did a cash out refi and used the gain for the down payment on another rental property. 

You can find a company that has flexible spending options based on the volume you'll be submitting, and doesn't charge extra for the double skip process.

It depends on what your starting reserves are, but if you have enough for a down payment, I would look into DSCR loans for financing, as you can qualify based on the property's cash flow as opposed to your own personal income. 

The leads are horrible and I've heard that some agents have had success getting out based on the new lawsuit selling one lead to multiple agents.

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.