Upon inspection I see that the yard had brick installed creating a pool at the door and 2 dogs I did not know about, {she had one original allowed},ruined the drainage system by digging large holes and mounding the dirt so the water heads toward the house.

I tend to buy in the Southern half of the US for 2 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

In reality, we shoot to hit the loan amount to simply receive all of our investment back.

Cats don't bark or dig large holes in the yard but they can sure do a lot of other damage.

But, your lower mortgage doesn't give you cash today to actually fix the issue.Willingness to walk away is simply a negotiation tactic/confidence play. 

Ok so I’m new and I have a question cause simply put, I don’t know.

Value add renovating units, curb appeal, washer dryers etc.Also focus on lowering expenses and utilities and no major capx renovations.Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors Perform due diligence, loan product and title investigation.I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.So much to write but I’m learning.Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.Best of luck to all ✌🏽 in 2020 & years to come!

Value add renovating units, curb appeal, washer dryers etc.Also focus on lowering expenses and utilities and no major capx renovations.Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors Perform due diligence, loan product and title investigation.I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.So much to write but I’m learning.Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.Best of luck to all ✌🏽 in 2020 & years to come!

I was already lightly investing in RE, and I was already a RE broker, but I really went down the rabbit hole when I found BP

@Logan Swanson to keep it really general, cap rate is simply an illustration of the expected "rate of return" that investors are currently expecting to receive if they paid cash for a property.