I like the undervalued asset class and then ride it up and then find the next undervalued class.

This will increase your chances of being able to "ride out a storm".

Can you ride out the negative cash flow for a few years until rates may be favorable for refinancing?

Hi, I opened claim for roof and wind /hail damage and it seems insurance agreed approved the claim.

If I never wanted to be active in operations, I'd drop off a check to a RMLO at 10-12% and sit back, go ride my bike bar hopping, I have a pro taking care of my money and his tail can be responsible.BTW, Joe, I am a bean counter....educated, but I'm not 4' 11" at 92 pounds, I'm just over 6' and over 205 pounds, not really little.

Probably tennis or riding motorcycles but that was beginners luck!

Enjoy your new ride!

That has set them up for a tumultuous ride over the next several years.

The major concern I would have is with the purchase contract. 90 days is not a lot of time to figure things out and 10% of the PP means you are in for the rest of the ride, which has a pretty short fuse of its own.I'd be happy to have a look at your numbers and let you know if I see any red flags.

If you don't mind the bumpy ride, then I strongly suggest looking in to it and would love to answer any questions on it if you have any.Here's a couple photos to show you what's possible, for $17k out of pocket for a $300k house, it's definitely a great way to get creative.I have many more if you're interested.