This would be our second home and also a short term rental.

This would be our first investment property, and acquiring it this way is so new to me.

We have everything you need to manage ready in a can: photography, advertising, application, leases, rules and regulations, smoke detector notices and all other forms you need and background check (we do this a lot).

This is a great place to learn and to connect with people so take advantage of all the great resources.

I am a new member to BP and literally can't absorb all this information fast enough!

The interest rate on the triplex is 7.5%, but because I took out a construction loan to help offset renovation costs, my lender says the ARV was already baked in, and a refinance would not make sense on that property either.

I am newer to this but have done years of research, read books, and read numerous posts on this forum.

The owner is a good friend of ours and agreed to do a deal with us if we helped him rehab the property.

My calculations are based on 2 sets of numbers - the numbers the seller has provided, and my own calculations accounting for 5% for vacancy, 5% for repair, 5% for capex, 10% for property management and actual costs for property tax/insurance.I am trying to decide if this deal is worth pursuing or if I should walk away due to the premium on the homes.

Quote from @Jessica Althoff: Hello Partners,I am here to experience this amazing platform!