When targeting a specific demographic, I researched the types of guests most often booking in my area—traveling professionals, medical staff, and relocating families.

This week: pick your target neighborhood, get preapproved, and line up PM calls.

Before making your first move, focus on building a solid plan: get very clear on your target market, understand the numbers on purchase, rehab, and resale, and try to connect with experienced investors in your area who can mentor you or even partner on a deal.

Are you mostly targeting distressed sellers, or is there a niche profile that tends to be a good fit?

When we know a tenant’s moving out, we’ll start advertising 3–4 weeks before with a target move-in date.

The lot is under contract with a closing target in approximately one month.I am looking for recommendations on the most efficient ways to connect with spec home lenders.

I am wondering due to all the delays if they hit their targets for investors on returns, dividends, and ARV.  

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

With a 680 credit score, you’ll likely be capped a bit lower on LTV, but it’s still workable.What to expect:- Max LTV on rental HELOCs: usually 70–75%- Your equity: about $77K, so $9K–$20K could be accessible- Credit score: 680 works, but stronger terms usually start at 700+- Alternatives: DSCR cash-out refinance if HELOC options are tightYou can tap into your equity, but you’ll want to target investor-focused lenders or specialty DSCR products instead of traditional banks. 

Hey @Rochelle Fernando 👋🏽Great post and I've seen some of your previous posts on here, and I totally hear you on how tough the numbers are right now.One thing I’ve found works really well for 3-4-unit house hacks in high-rate times is to target properties that need a little TLC.