Drywall replacement is usually only necessary if the odor has deeply penetrated or there’s mold or moisture damage.

Think parts of the Midwest and Southeast.The biggest factors that make deals work right now are:Buying deeply discounted properties where the rehab forces real appreciationKeeping rehab budgets tight and intentionalRefinancing with solid DSCR terms (lower rates, 75%–80% LTV, and good DSCR coverage)They’re not common, but they do exist if you’re patient and run strict numbers.Looking forward to seeing your progress!

Quote from @Isaiah Prince: @Mike Paolucci Deeply appreciate the feedback, Mike - super helpful.  

I'm looking to learn more deeply about the loan process

For investors using DSCR loans, I’m curious about your preferred minimum DSCR.
Do you stick to 1.1, 1.2, etc.?
What ratio gives you peace of mind in today’s rental market?

The way to make money from the loans you’re looking for, @Daniel Williams, is to buy them deeply discounted and work to get them to perform.

I didn’t explore it too deeply at the time, but it might be worth revisiting now.

Having a long list of deeply vetted contractors is one of the most important things, then a good software like Buildium, if you plan to build it up and manage yourself.

No - I personally believe they grew too fast.

He was a nice person in a bad position, but still, I didn't owe him anything.