Now before everyone jumps on me about, "If you sold under contract why are YOU making repairs?".

Hello BPers,I'm working on purchasing my 5th deal now and having trouble deciding on how to finance.I've been approved for a PML to purchase a property for around $100k but only at 65% ARV which doesn't leave me enoug...

Renting in an owner occupied area immediately brings down the value because people that have the money to buy don't want to live on the street with tenants because they don't cut their grass or care for the property the way an owner does so they go to the neighborhood where it isn't this way, which in turn, makes the owner on the street selling reduce the price to get it sold. 

I think most of those assests would have been sold off by now. 

No on costa-hawkins repealIt can affect sinle family home owners prices, negatively impact neighborhoods and communities, rent control on private homes, condos, townhomes, statewide rent control could be in future if we don't fight it.

I purchased a “duplex” last year using cash from a private lender with intentions of doing a cash out refinance shortly after.

Our goal was to focus on the BRRRR strategy but if we we're to get a hard money loan or use private money we would not be able to re-fi into a long term mortgage.

Have not sold or purchased real estate from them

One access I found to a private lender required $15k in the bank before loaning out money, which I don’t have.

I've done that for property owners whose properties I sold (obviously at top dollar since the short term rentals were allowed AND we established all the systems in place for the CAP rate to be almost double of any other Miami Beach asset.