So, in other words, do the same kind of hustle as a wholesaler, find those off market deals, build up a buyers list, and sling some houses for commission fees.

Plus, you can build a network of trusted local contractors for maintenance and repairs down the line.

Purchase price: $685,000 Cash invested: $250,000 This was a cash cow deal made up of an old converted schoolhouse with two other buildings along side it.

They may even work with FA's or CFP's to build the team you need for this transition of retirement assets.

You also have to factor if there is an HOA fee or any annual or semi-annual association dues, in some cases flood insurance.If they are off on the upfront numbers it changes the DTI and can make or break the deal.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

We operate a pretty substantial investor Agent team here as well, and are very involved in education and helping people build and scale.  

Developer could not complete escrow and property fell out of contract.I need help deciding on whether to try an list again and sell OR to hold and wait out the higher interest market for rates to drop with hopes of higher offers OR to develop the site myself and build it out.

I hope to be able to apply what I learn here to building my own income-generating real estate portfolio and eventually creating passive income for myself so I can spend more time with my kiddo!

we are competing with large new apartment buildings that offer a lot of amenities.