He will remember this was one of the best opportunities he took looking back and I aim to assure I help him in his success in placing tenants and guidance learning how to run the rehab and assist with my resources.Check my profile out as Ive mastered the BRRR strategy and help others with the experience I've gained along my journey.

But remember, requirements can vary by lender, so it's always a good idea to check directly with them

And remember, CPI of nearly everything is higher every single month, which permeates into materials, services etc… that are necessary for building / renovating homes.

If I were in your shoes, I would do the following:- set 6 months worth of income aside in a HYSA to save it for a rainy day (this will help shield you if you lose your job, or if something goes horribly awry with your investment properties)- open a Bank on Yourself life insurance policy (this is a specific type of high dividend paying whole life insurance where you can borrow against the cash value in your policy at any time and the money will continue growing as if you never took out a loan.

I've had list listed on Airbnb and Vrbo since Jan. 2023 - I've been very happy with the performance thus far.Also worth noting - I'm just a few blocks away from the hospital - I'm sure these numbers would look much better if I was in the heart of downtown. 

Just remember, if your broker locked you in for a rate.

He has suggested for me to get on the property ladder I could give him 10% of what the property is worth to convert it from a 3 bed 3 bathroom house into a 2 bedroom 2 bathroom apartment and another 2 bed 1 bath apartment.

I thought the $150'/month was worth it even for 1 property to sync everything because I manage my own properties.

I would say it would be worth it to also go that route and find a way to offer value to this mentor where you can learn as much as you can from them.

However remember since you still will not have a score your interest rate will not be nearly as good.