Needs complete rehab ceiling is showing mold in living room and room kitchen cabinets has to be more updated flooring needs redone painting outside and in bathroom needs to be updated the property value is estimated 401k highest 437,090 rent in area I seen 2600 lowest highest being 2750 a contractor roughly estimated told me I’m looking at 134kIf it makes sense ofc I would love to hold and LTR  the sqft is 1214 I see same houses sold ending of last year for high as 450 that was smaller 1,140 sf 

Get a high lease price or profit sharing, due to the extra wear and tear.Make sure they are licensed and insured and local.Get a personal guarantee outside of their LLC name.

I highly recommend 24 hour closing.

We took the house over, finished renovations & turned that into $25,000.  

The rehab took a lot longer than what I wanted, and there were a few things that we hadn't accounted for, but we officially finished in February this year. 

Greeting BP,Curious to hear some general thoughts on how high is to high for home prices.

Thanks in advance This is a very highly revionalized question.

I got some cash in hand which i can either put in a high yield savings account or use to pay my current mortgage and then cash out when i buy the next home. 

It isn't insanely different from regular deal but it is also great not paying high fees for a DSCR loan.

The cost of entry is low while the cash flow is high.