Purchase price: $100,000 Sale price: $140,000 Fix n flip What made you interested in investing in this type of deal?

The neighbor A had a conversation with tenant and the tenant said their renter insurance won’t cover it due to the act of God.

Think of the end of the year as well.

Can someone point me in the direction of a lender who does bank statement loans with a 90% LTV.

Owner just needs 45 days to move out, is motivated to become a tenant if buyer prefers to not renovate until next year. 2nd floor tenants are on a month to month lease for $550.

Hey @Katie Casper, check each municipality for the regs.There have been a lot of restrictions put in place depending on the area.There have been some lawsuits flying around in Conway so do your diligence.Bartlett is hard to read, but there are a ton of folks working to ban STRs in the area.

What do you guys see out there, and is MF a good choice in this market?

Once they're near the end of the lease, I request a forwarding address to return the deposit.So far, so good.Best of luck,Wes Awesome, thank you @Wes D.!

In fact, in Ohio one can do a cash out refinance where not only does the owner have no cash invested equity, only loan to value ratio of 70% met, he may have cashed out more than he paid for the property.

I checked with State farm ,since I have everything under them as of now,they gave me a quote of 1200/yr but with 1% of house value i.e 6000$ as deductible .There is no in-between,it starts from 1%, then 2%..3%.Considering it's a new build , hoping I won't need insurance anytime soon ( fingers crossed) .