Basically, for reasons I don't know, they didn't want to do business with me.Back to the 1.2 rule, I haven't had problems with another lender to increase my portfolio loan guidance they gave me about a year ago to add more properties, so that's why I also think there was something else that was not shared with me.

I still have to rehab the property before any of that, but it’s definitely going to exponentially increase my value.

Small investment on your part to do a bit of painting and carpet cleaning could very likely increase the perceived value quite a bit.

If you don't know your market, then not only is it more complicated, it is increasingly risky.

@Franky Davis too much thought and heartfelt consIderatIon going into one random data point off Craigslist

If there is potential to increase he rent or your loan basis is significantly less then your cash flow will improve.Property # 2.

By my figures the rent amount he charges himself increases the valuation of the of the property by 35 to 40 grand.  

Now, I'm working on expanding my portfolio in Virginia, and increasing my marketing through a website.

Finally, lowest on the totem pole but still a consideration nonetheless is the fact that it's a property we could possibly enjoy ourselves for a few weeks out of the year.

The property needed a lot of love and upgrades, and slowly over the last 2 years I’ve done multiple remodeled and a ton of work, BUT My net monthly income is now 1100 and I’ve increased the value of the property by 200k.