And despite the higher rates this past year which deter many buyers, we *still* find ourselves in multiple offer situations, indicating we are still hot while many markets have long cooled.To illustrate, my team recently sold a home for $50k above the asking price after a successful open house with over 50 attendees, just a few days on market.

Found BiggerPockets and am now trying to get my financials fixed up within the next 6 months and getting my first/second property by the end of the year.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

There are flip situations where the sale happens in the following year: Purchase November 2023.

Most DSCR lenders that I know of require around a 680 score to qualify, is there any Lenders that work with borrowers in situations like this?

Meaning, when that tenant decides to renew.....the staff and the company managing the home should be financially rewarded.  

These studies have enabled me to take advantage of accelerated depreciation, significantly reducing my tax liability and improving my financial position.

Your PM fees will also be less per unit for a multi unit vs single family.Tenants in multi unit buildings share walls so there is always the potential for noise complaints and neighbors that simply can't get along with each other.If you run into financial difficulties, it is much easier to sell off one or two SFRs than it is to sell one big multi unit.Traditional lending is much easier right now for SFRs vs multi units.  

They value a sounding board on deals, situations, or strategy.