I’m not sure when Americans decided an upscale lifestyle was a right and not a privilege.

The main factors we've seen that make/break 203K deals are:1.

It is crucial to consider various factors to ensure accurate projections.These factors include the total loan amount, interest rate, whether the rate will be fixed or floating over the loan term, the amortization period, the loan term, and the availability of interest-only periods or future funding.

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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Hi Sean,Rates will vary by several factors on DSCR including credit score, ltv, loan size, and prepayment penalty to name a few.

Hi @Ramsey Doumani,Like @Marc Winter mentioned above, I wouldn't necessarily be concerned about the occupancy rate, as this can be influenced by other factors.

Even $50k trapped and I have a 200% short term return from the value added above alone.if I have $0 invested, even a couple hundred a month of real cash flow (after properly allocating for all expenses including future cap ex) produces a great return.i suspect there is no bigger factor in the return than the value added and this is because the higher the value added, the less money gets trapped in the property.  

Things like:Renovation costs adjusted for local contractor rates (not national averages).Neighborhood data that isn’t just demographics, but factors investors actually track — school rezoning, insurance costs, landlord/tenant laws, etc.Cash flow assumptions that can be tweaked for different investor profiles (flippers vs. buy-and-hold vs.

Hey Evan, solid list of markets you’re looking at...those all have pretty different strengths depending on your goals.I work with investors in a few of those areas (Arizona and Texas especially), and what I’ve seen is people usually narrow down their choice by looking at three things:What kind of tenant base they’re comfortable serving (workforce housing vs lifestyle renters)Property taxes and insurance costs (big swings between states)How involved they plan to be in the management sideIf you’re still figuring out what kind of market fits your investing style, I can connect you with a few people who started out-of-state and built small portfolios in those same regions.

Quote from @Jeff Green: When you did the 1031, the $500K gain from House 1 didn’t disappear — it got carried over into your replacement propertiesIf you sell House 2 later without doing another 1031, you trigger:•the deferred $500K from House 1 plus•the new $100K gain on House 2Total taxable gain = $600KThe full $500,000 wasn't deferred from the 1031 Exchange.She sold $700,000 worth of property and only replaced it with $500,000($200,000 + $300,000).She should have a conversation with her accountant because it depends on multiple factors such as how much depreciation was taken on the property, how much basis was allocated as part of the replacement properites, etc.