Which I did, and my roommates covered most of the rent for me:)

Your success can boil down to waiting for the right moment to strike.SummaryWhile the potential for great reward exists, all temper these expectations with the work required to achieve them.

I was able to move an existing tenant from an older less expensive property into this one and increase rent.

Could you achieve the same results by scaling your PROFITS with existing units?

Will obviously affect budgeting though. 4) If you're S/U is only covering actual prepaids, it should be settled in the current year, so it shouldn't affect your CCR.

Most work this way: Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

We’re replacing all of the existing vinyl flooring and carpeting with LVP.

For example, Fannie Mae loans if an existing first mortgage is being paid off through the transaction, it must be at least 12 months old at the time of refinance, as measured by the note date of the existing loan to the note date of the new loan.  

This really only exists in vacation markets but worth asking to make sure your t's are crossed and i's are dotted.- What happens if the property appraises as rural?