Good strong rents and hard working middle class tenants over here broadly speaking and appreciation has been my friend the last few years.

I am in the middle of buying two rental properties in AL with a turnkey provider. 

There are DSCR loan options where you can cash out up to 80% if you and the property meet certain criteria: if you have a middle mortgage FICO score of 740 and above you can do a 80% cash out refinance if 1-4 units (so single family rental or 2-4 units).

Personally I’m not enough of a people person to want to be a realtor and as I’m middle age and had a different background of experience coming out of college this type of work has been perfect for me.

I was thinking 3 options:1: Highest sale price - owner holds note with rate/terms TBD2: Middle sales price - Lease option, with a 3 year purchase3.

The issue I run into, based on what I can put down, is that I would most likely have to split the mortgage down the middle (I pay half/Tenant pays half) based on current rental rates and current mortgage rates (considering what I can put down).

I've had I think 3 middle of the night maintenance emergencies since I've been away and never had to manage them.

As we reflect on the challenges faced during the financial crises of 2007-2012 and draw parallels to the current market conditions of 2024, one concept stands out: the “Missing Middle.”The term “Missing Middle” refers to the scarcity of housing options between single-family homes and large-scale apartment complexes.

Full disclosure I help dispo deals for REI Nation who operates in several markets in the southern/middle part of the country. 70% of the sales go to existing clients so I think that speaks volumes to those investors experience. 

In markets like Memphis and others here in the southern/middle part of the country we are still able to cash flow despite the interest rate environment.