We are just speculating on the upward moving of this market because the house price keeps rising and there are organic factors that support it so in a moment we think negative cash flow can gradually be covered by picked up rising rental rate, but i guess its not financially sound on this deal

I normally only say yes to SFH's under certain conditions but you sounded like you have a few units which you need to lower any vacancy fear.Y ou could look at investing into commercial sized complexes where the value reflects the income instead of sales comps. 

@Eli M.The situation with your lender sounds a bit odd but I suppose different strokes for different lenders. 

They were responsible for replacing the damaged appliances, paying the pet fee, and my $500 insurance deductible, as well as rent.

Each could be $5,000 or more to replace.

The BP podcast has been a part of my daily ritual as of late; it has permanently replaced my Pandora playlist! 

Sound like a solid investment to you guys?

We expected some carpet damage and that a repaint would be needed but in reality the wood floors are destroyed, windows need replacing, all carpets need to be replaced, cabinets require replacing or refinishing, and the grounds need landscaping.Originally our plan was to fix this home and sell it.

It sounds likely that you will need to evict, so be prepared.

Hit him up as he can explain it better than me but it sounded perfect for flips.