Over the last 3 months we’ve spent $70k in rehab work. 1 property flooded, big storm across from the ocean we gutted it and it’s under construction 1 property had a lead incident, tenants ended up buying a house and we’re abating the unit. 

And I work construction , the last thing on my mind is going to a gym . 

Would love to connect with you and hear more abot your 2024 goals.

If the lease requires Renters Insurance, do they have proof of the tenants current coverage4, Age of last update to the major systems (Roof, Electric, Plumbing, Heating)5.

I knew it was not a really great deal but for my first property my goal was to learn as much as i can and atleast break even. my question is now that i know that MLS deals are hard to find and the ones you find are taken on the spot by bigger fish, where do you source your deals?

Esp now that appreciation is flat for the last 1 1/2 years.

For anyone who has read my last few posts; I've been struggling with finding funding for a deal in my pipeline.It's an incredible deal: off market, with insane value-add potential, motivated sellers, under market asking price, and the ability to cashflow $2k+ after rehab.

However, DSCR loans have just become a thing in the last three years.

As someone who has lived here for the last 2 years, I have been in impressed by the amount of investment going in and around the downtown areas, much more opportunities to come in Detroit!

Hi Jose - sharing a link to this article I published last year on BP on all about DSCR Loans https://www.biggerpockets.com/blog/multifamily-dscr-loansI also posted a piece on this (companion to a youtube video on our channel) this week on the Private Lending forum - https://www.biggerpockets.com/forums/49/topics/1184943-multi...Key is how many units you are looking at:In these forums - A common question among real estate investors that want to get into the multifamily investing space is how to get financing.