Not having 2 full years of tax returns and being self employed is keeping me from using local portfolio lenders.

Not having 2 full years of tax returns and being self employed is keeping me from using local portfolio lenders.

Since it is a no cash down deal, I don't require the same return as I would on a 20% down deal (w/ ELOC IO pmt).Some will argue against ELOCs and interest only for rate/long-term reasons and it really depends on your market/risk assessment.

A bad tenant that fails to pay rent for one month and leaves the place damaged could easily cost you $5,000 - $10,000.

If your partners are as incompatible as it seems, hire a lawyer to liquidate the partnership it as easily as possible to get what money you can out if it.

Not knowing the eviction rate at a property can throw a massive wrench in your business plan and return projections during the first few years of ownership.

Opportunity Zones are providing property owners and potential property owners with outsized return potential due to the deferral (and potentIal ELIMINATION) of capital gains.

I'd wager that you might be able to get good returns out of there, but on the other hand, I'd be careful of any rent control laws that might kill your return.

Refi 75% of ARV for next dealMy first shot analyzing a deal in my county:$65k out of my pocket (43 for the house, 22 for rehab)Estimated $90k ARV= $67,500 cash return (assuming I pull out 75% equity)I receive about $850/mo from rent based on compsHELOC= $393/mo payment to bank (4.2% interest)$85/mo to property manager Meaning I gross approx $372/mo Zip code is 31904.

The upside is there should need very little repair and should rent easily.