I would highly suggest working with an experienced flipper or broker to help determine whether or not you are actually buying below market value.

I honestly believe that the cycle isn't finished and there are still good deals to be had, but you can determine that for yourself by doing some research. 

So, this is how we put the deal together.First, you determine ARV (After Repair Value) so you can see if this one is actually worth buying.

Your screening is limited to ONLY what RentRedi thinks should be part of the screening process, and rent payments...well, you will be reported to the IRS for the fees RentRedi charges..and RentRedi will not give you their W9 to write those off as an expense.

First of all, you cannot get any of the tax benefits of running this as an STR because the IRS’s definition of an STR is that at the end of the year, the stays must be an average of 7 days or less.

Great to see your determination, CJ, that’s the #1 factor that separates people who talk about BRRRR from those who actually build portfolios with it.A couple things that help when you’re just starting out:Hard Money Lenders: Build those relationships early.

So, this is how we put the deal together.First, you determine ARV (After Repair Value) so you can see if this one is actually worth buying.

I would need more details to make a determination. 

For example, LTV, deferred payments, loan terms, fees, and several other factors could be reasons why some lenders can charge what they do.The most accurate way to determine loan rates in your area is to speak to local lenders.

Looking for a mentor to help us determine some good markets, strategies, etc.Thanks in Advance!