Focusing on one asset type or strategy in the beginning is generally most effective than trying to learn an new strategy every year.

Pushes the cost of damage protection insurance onto the hosts and guests.

I will recover this cost of new heating equipment in 2 years through the savings of what I paid this year for heating oil.

From my research the template seems to be a packet including: Developer Credentials Personal Statement (Available Upon Request) List of RE Owned Current Property packet with Pro-Forma, Rent Roll, Comps, Budget, Projected Returns - similar to an OM on most CRE packets.This was a good guide, Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)

And just to clarify if anyone else is reading this: buying an interest rate cap, while effectively buying down the interest rate is NOT like buying down the rate on your personal mortgage.A point on your personal mortgage locks in the lower rate for 30 yrs and the mortgage fully amortizes.  

First, determine what your lender offers in terms of Loan-to-Cost (LTC) for acquisitions and the maximum Loan-to-Value (LTV) for a seasoned cash-out refinance.

I had the time and it didnt cost me anything and now hes giving me a lot of good tips about a new branch of real estate ive been wondering about.

Water damage/mold/ect. is much more costly to repair than to prevent.3.

Property Details: SFH 6 beds 2 Bath 2016 sqft - Rented by the room.Purchase: 340,000Amount Financed: 272,000Down Payment: 20% (68,000)Purchase Costs: 12,777Loan Type: 30 yearInterest Rate: 8.75%Rents: 3,300**********************Investment Returns - Year 1Cap Rate (purchase) 8%Cap Rate (Market Value) 7.1%COC 1.8%Return on Equity 1.3%Return on Investment 25.1%Internal Rate of Return 25.1%

In essence, after two years I would have turned a $192k down payment into $284k equity (minus agent commissions and closing costs).Net proceeds after selling = $284k - $38k (6% agent commission) - $5k (estimated closing costs) - $7k (cost to hold for 2 years w/ negative cash flow) = $234kAfter selling the property, my plan would be to roll this equity into other investment properties through a 1031 exchange.Questions:Is this a good opportunity?