I also do a lot of the rehab (except, roofing, HVAC, electrical, and heavy plumbing).

When I do the rental calc on here I can crunch all the numbers with confidence except for repair cost and ARV.

BUT the 8% interest rate turns out to be retroactive, in many circumstances, although that was not the intention of the legislature.

@Cody WhiteI am in almost the same situation you are (except I don't have CC debt but I do have two cars that I still owe, but they are worth more than what I owe).I had in mind the same scenario, I wholesale to get some capital ($) and then get my rental property (BRRRR). 

Number except on the HUD report.

With the exception of networking events if you're wanting buy/holds and maybe flips. 

As a loan officer 4 tends to be the cap unless there are extenuating circumstances.

As with any type of investment, higher returns are tied to higher risks, Detroit is no exception.

Direct Operating Cost Pass-Through EscalationThis type of rent escalation is similar to tax pass-through escalation, except that your rent increases when operating expenses like heating, electricity, maintenance, and security go up in cost.

In all cases, we will be fair with you.Also PM will be responsible for paying all bills related to property except mortgage payments.