Most deals require a down payment and some sort of debt / leverage. 

Be aware that some have HOAs, which isn't necessarily a bad thing because they will take care of a lot of the maintenance around the place.

@Elton Tate Agents are required by their board to change the status within 1-3 days, but many push that as it's not really watched.We don't recommend offering asking price. 

But carrying on like I said I would have about 10-20k depending on closing costs in reserves and have another bank account with back up back up but I really do not want to touch that, with that being still said I am not adding to capex, maintenance, or vacancy every month even though I probably should. 

I have a new rental and received a tenant application, whereby the tenant puts workers comp settlement to qualify for the income requirement.

I have been taught that some private lenders do not require money down.  

Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.

Hi Hunter,Deals with similar prices can have varying reserve requirements as different lenders have different requirements.

In Nevada there is a required sellers disclosure of any issues past or present with the house.

I'm also surprised they aren't requiring both LLC members (owners) to personally guarantee the loan.BRRRR's can work with any interest rate, obviously harder to see good cash-flow right off the bat with rates where they are BUT in the foreseeable future you could refinance to a lower rate.