Let’s say your high bid was $100,000 and you refuse to close.

Definitely one of the only paid subscriptions that I actually use regularly and am not upset about whenever the yearly charge goes through.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

Ensure the DSCR calculations work with the high LTV and your credit score, especially if the lender won't use MTR or STR income.Lender Criteria: Some lenders won't work with new operators, some only use market rent, and others will use STR estimates or income statements from property managers with similar properties.I hop the bullet points make it easier to understand.

I would definitely recommend start researching and learning your local market and house prices vs rent and different comps.

You need to do this stuff because it's too easy for tenants or potential buyers to neglect the water bill, and the Detroit Water and Sewer is high.

I am still considering it but definitely looking at the South right now.

We were interested in the Larsen Lane deal in Shawnee, KS, due to several key factors: High Profit Potential: The property had significant profit potential, with a purchase price of $218,000 and a sale price of $285,000.

It definitely has been much harder to find deals since the increase in interest rates.

prices and rates are high and there is lots of competition for deals, both on and off market.