.$1,737/month on a $3,000 rent sounds really great to me, I don't think you want to jump out because of the 50% rule with those numbers.Your main concern is getting the project done fast and getting renters in there.

@Mindy Jensen 12,000% sounds awesome!

Personally, I look for cash flow first, because my goal is to replace my income with cash flow, but everyone has different goals.

But I now have the following things that I cannot even put a monetary value as a result of doing it:A good and reliable contractor who is ready to help me grow my business and work on future projects.An electrician, who I met AS A RESULT of the my contractor.A great handyman and gardener, who I met, AS A RESULT of my tenants.A fairly thorough working knowledge of how to replace a roof, run plumbing, electrical, hang drywall, lay tile, and the overall costs associated with the replacement and repair of all these things.

@Joseph Walker from what it sounds like, I think you would have to go HML to cover 80%.

@Eric H. sounds like you’ve got it figured out, keep crushing it!

Under this ordinance the following scenarios are allowed: a family (of any size and configuration)a family (of any size and configuration) and their nannya family (of any size and configuration) and an exchange studenttwo single parents, their kids, and a friendtwo siblings and one friendtwo married couples as long as a familial relationship exists linking the two couplesThese are not allowed: two couples, married or not, with no familial relationship linking couple A to couple Btwo siblings and their two or more friendsa family (of any size), a caretaker, and an exchange studentIt sounds complicated but it's very simple.

Yes, Charlotte is hot but there are neighboring markets you may want to look into for greater yield (especially if your syndicating which it sounds like).

They sound knowledgeable and like they have your best interests in mind.

It does sound very cheap since they are higher in L.A now definitely can’t find a room for $500 especially even in a lower end area so I wouldn’t be surprised if those $500 ones especially are scams .