I had a similar situation on the first rental property I purchased.

It is also possible that I am a bit wired with caffein right now and it is affecting my choice of words. 

Most lenders are capped at 70-75% of loan amount in ARV, but there are lenders that will go up to 90% of purchase and 100% of rehab.

If you purchased that last year, you are going to be negative more than the $2k/month you estimate when accounting for all expenditures using the numbers you provided.  

Hi all- My husband and I are considering selling our short-term rental property in Vermont to pay our kids' college loans, and we're looking for input to see if we are missing anything in the big picture.Here are the details: We purchased a log cabin in Vermont in November 2020 for $440,000 with a 2.75% interest rate.

Hey James, Did you end up purchasing the plot close to Big Bend National Park?

@Ashley WilsonThe optimum time to buy real estate is in the early recovery stage, say 7 o'clock.For example, the properties I purchased between 2012 and 2014 almost doubled in 2017.At this point, I believe we are very near the bottom of the market; it is a great time to buy Multifamily Apartments as there is less competition.

We just put an offer in on a riverfront one bedroom cottage on a half acre property in Oregon that we expect to be accepted, here's how I plan on purchasing the property with less than the cost of an apartment rental deposit in SoCal:Purchase price is $330k as a FHA Primary Purchase with 3.5% down ($11,550) and a 2.5% ($8250) seller concession towards closing costs.

My goal is to purchase distressed property, rehab, and sell.

Purchased from various auctions, short sales, wholesalers and just lowballing on MLS. 1ks of renos/repairs, 1ks or so move in and outs, expert on all govt programs and more.