Originally posted by @Ihe O.

Michael O.

But it would be 3% w/o depreciation installed today new with full warranty on a $500K home.

Rent o meter is absolutely wrong, I've got a property at 51 Crestwood Terrace Davenport Iowa 52803 rental meter says I will get $800 a month for it I'm getting $1,700 a month for it.

Technically the City says you need to demo everything and start new if it was constructed illegally, but if it was done right in the first place, you may get away w/o it.If you have a coach house, this ordinance now allows you to make more significant renovations to the existing unit.

The Pitbull is gone and so is the tenant, they left one dark night W/O notice and a lot of damage behind.

(I)(1)The terms "real estate broker," "real estate salesperson," "foreign real estate dealer," and "foreign real estate salesperson" do not include a person, partnership, association, limited liability company, limited liability partnership, or corporation, or the regular employees thereof, who perform any of the acts or transactions specified or comprehended in division (A) of this section, whether or not for, or with the intention, in expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration:(a)With reference to real estate situated in this state owned by such person, partnership, association, limited liability company, limited liability partnership, or corporation, or acquired on its own account in the regular course of, or as an incident to the management of the property and the investment in it;(b)As receiver or trustee in bankruptcy, as guardian, executor, administrator, trustee, assignee, commissioner, or any person doing the things mentioned in this section, under authority or appointment of, or incident to a proceeding in, any court, or as a bona fide public officer, or as executor, trustee, or other bona fide fiduciary under any trust agreement, deed of trust, will, or other instrument that has been executed in good faith creating a like bona fide fiduciary obligation;(c)As a public officer while performing the officer's official duties;(d)As an attorney at law in the performance of the attorney's duties;(e)As a person who engages in the brokering of the sale of business assets, not including the sale, lease, exchange, or assignment of any interest in real estate;(f)As a person who engages in the sale of manufactured homes as defined in division (C)(4) of section 3781.06 of the Revised Code, or of mobile homes as defined in division (O) of section 4501.01 of the Revised Code, provided the sale does not include the negotiation, sale, lease, exchange, or assignment of any interest in real estate;(g)As a person who engages in the sale of commercial real estate pursuant to the requirements of section 4735.022 of the Revised Code;(h)As an oil and gas land professional in the performance of the oil and gas land professional's duties, provided the oil and gas land professional is not engaged in the purchase or sale of a fee simple absolute interest in oil and gas or other real estate and the oil and gas land professional complies with division (A) of section 4735.023 of the Revised Code;(i)As an oil and gas land professional employed by the person, partnership, association, limited liability company, limited liability partnership, or corporation for which the oil and gas land professional is performing the oil and gas land professional's duties.(2)A person, partnership, association, limited liability company, limited liability partnership, or corporation exempt under division (I)(1)(a) of this section shall be limited by the legal interest in the real estate held by that person or entity to performing any of the acts or transactions specified in or comprehended by division (A) of this section.

The place is a 3 bed 2 bath with a 1st floor master and 1st floor laundry, a 7 y/o kitchen and a roof under 5 years old.

(some have I/O options that can help the borrower qualify for higher LTV) There are private lenders who do not use DSCR to qualify the loan BUT they are usually charging an even higher rate because the risk is HIGH.

:-O I bet you $300 it was a $300 problem.