The house is in a non appreciating area....section 8 renters will be my tenants.  Not sure if the numbers will allow me to refinance enough  cash out for another project.  At 10,500 purchase price cash from my pocket....

Hi everyone, Newbie to STR here. So I narrowed down my market already and am starting to go to open houses. When you go to open houses, how do you decide if it's the right house for STR (after the numbers make sense)?...

I just wanted to point out something that happened to me the other day that might help people just starting out. I was working a new area and negotiating a deal with a seller so I made a phone call to get comps on the...

Hi all, Question is 2 part:  Just finished Rehab on a property in Ocean Co that I got for 110,000.  Tenant moving in November 1. Comps are in the high 160, low 170 range.  I did about $18,000 in repairs.  I'm looking ...

I've been using this screening service for years without issue.
However, it appears things have changed. 
I have an application I'm screening which also has a co-applicant. 
The co-applicants screening came back wi...

Hello everyone! Firstly, I am a new investor that started my rehab project April of last year and so far it has been an absolute nightmare! Yes we are still going, nearly out of money and the project is about 70-75% c...

Hi folks!In my jurisdiction, and I'm sure it's common in most others as well, any rehab over $50,000 in cost requires permitting and a contractor's license if your are legal entity.  If you are filing as an individual...

Is it industry standard for a property manager to charge 10% of renovation cost over 10,000 because typically there will be attention needed from them. I should mention the pm hired a general contractor who gave us a ...

Hello BP, 
I have a duplex for sale in St. Louis, MO which both units are vacant and can rent around a total of $2000/month, but it's ready to move in or rent. While there are no big problems with the hardware in the...