This lender needs a 1.2 ratio to get that, so may need to put more than 20% down to be in the 6s with no points. 

This can be a huge expense.

Hi,My name is Michael and I’m pretty new to this real estate investing but I am fully committed to it.

Hi,I set up my 1st LLC this year for a rental and start to realized that I can't do the eviction by myself anymore. 

By no means should this be interpreted as an anti-BRRRR post.  

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Is this a good starting point?

The home inspection hasn't been completed yet, and the seller has requested that it proceed without addressing this particular issue.

I ask them to verify nothing has been late and more often than not the prospect lies and was late this year on a car payment or CC which disqualifies them but sometimes it was just an unfortunate circumstance medically that I don't know if I could dig myself out of either. 

So hence the cowboy house was born out of this and this was one of our more fun projects!