If you are buying 40k cash and only make 100k a year and have no reserves for much cash left it is a bad idea.  

@Mark BergeI would say yes, let him know that if it looks crummy you reserve the right to his deposit in order to get a pro to do a better job.

Upload your rental agreement and have guests sign on the site when making the reservation. 

Holding a proper amount of funds in reserves provides a cushion and some comfort to navigate those situations.It’s wise to do a thorough inspection of the property you are considering so that you have a clear understanding of any potential repair costs or renovations that may be necessary down the road.

Some general advice:1) Define your criteria (budget, location, # of units, cash flow, CoC return, etc)2) Connect with investor-friendly lenders to explore your financing options and pick the best for you.3) Analyze properties before seeing them in person to see if they pass the "sniff test"4) Be patient with the search5) Don't bite off more than you can chew6) Have enough reserves to handle unforeseen expenses7) Run your numbers conservatively8) Don't look exclusively for "home run" deals or you'll likely be disappointed

If the house is in good condition, in a favorable rental location, and you have adequate cash reserves, renting could be a wise decision.Renting can change your home from financial liability to a profitable asset.

Yes - a lot of DSCR lenders will lend to foreign nationals, there will just typically be some restrictions around max leverage and reserves held in US bank accounts

Reserve the right to say to people what is a bad investment.

Numbers- Purchase price: $130,000- Downpayment: $20,000- Mortgage left: $108,000 7-1 variable ARM @ 7.5%- Projectes monthly rent: $1300-1400- Projected monthly profit: $0-100 - Assuming 7.5% small/large monthly cap, 10% property manager, 1 month vacancy, taxes, mortgage insuranceAny words of wisdom/guidance would be greatly appreciated 🙏🏻 How are you reserves in general?

With about $70,000 in tentative contributions, we intend to use this money for holding/loan costs and rehab reserve using 100% LTV loans, so as to maximize the number of flips we can do at any given time.To do so, we were planning on pooling funds in one LLC that gives our passive partners equity in the company.