I agree with with Jordan that long-term your time is probably better spent focusing on residential sales especially with your goal to own multiple rental properties one day.

Hold forever, or at least until you are smart enough to know when to sell.

Are you looking for steady rental income or long-term appreciation?

The Fed recently adjusted its short term projection to one quarter point rate drop for 2024, though it had earlier predicted as many as three drops.

I would also consider other exits in case the house doesn't sell and run your numbers with a worst case scenario and you're holding the loan for 9-12+ months.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

North Linden, South of Main, Vassor Village, Woodland Park, MT Vernon, Milo-Grogan, Franklinton, Merrion Village, Hungarian Village, Southern Orchards, Driving Park, Olde Towne East, Franklin Park, King Lincoln, Old Oaks, Livingston Park are all but not limited to some areas in Columbus, Ohio I think will gentrify quickly and make for great long term buy and holds.

They are serviced with a note/contract servicer which holds the original docs, receives and dispurses pmts, does the tax reporting and enforces the terms like late fees, early payoff penalties,  interest-only end dates, etc. 

If a lender wants to see $1,000 worth of work completed, they can hold that in escrow after closing and release those funds after you provide photos of the completed work.

My primary interest is in package deals that offer straightforward terms and quick closings.If you’re a wholesaler with deals that fit this description, please reach out.