Yes the lender was talking about 2.5% so I may look at another lender for this deal to optimize the initial buy.In Canada these are the rates currently which are usually better then USA at this point in time.Repairs are low as we do a lot of the work ourselves and we have a group of people who are able to get repairs done cheaper then average pricesCap ex I figure since the whole thing is being gutted that I shouldnt?

Cheaper than a months Free rent.

However, they are in the minority and the purchase price of such a property could be so high that it wouldn't be very profitable as a short-term rental even at full occupancy.We've been investing in short-term rentals in the Riviera Maya (where properties are cheaper and the occupancy is higher) and I have been thinking at Puerto Vallarta as a second market in Mexico.

If they are a one man outfit, they may appear to be cheaper, but will likely not finish on time or at all.

If his payment is 1800 and rents are 1200-1400, I don’t see any potential for a wrap or a sub2, unless you were just using it to bridge your remodel before flipping it (likely cheaper than hard money).We’d have to know how much $ in repairs are needed to determine if flipping is viable.

When I house hacked a duplex the tenant rent did not pay the entire PITI, but it paid about 65%, which meant I was living cheaper than renting from somebody else.

I am currently thinking of buying up slightly cheaper properties instead of the 200+ range.

A lot cheaper than giving up 5000 per sale.I never had it happen again, but don't know if it was correlation or causation

@Aaron Arnold no SFH hate from me.. in my areas where most properties are rentals, SFH are actually cheaper on a per door basis as investors prefer multi family.

@James Orr but wait, what if I wanted to purchase properties in Dickson, Ashland City, or Clarksville, TN, where property is much cheaper?