This new build now cash-flows with less money down than typical or, as a flip it makes six figures.The reason why this works: In Boise, building lots are selling for minimum $150k to builders, and up to $350k+ depending on location.

They sign up for a guru, co-sponsor a couple deals (typically for someone else that has no real experience) and then start sourcing deals themselves. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Quote from @Bryn Kaufman: Quote from @Chris Seveney: This is typically written in the PPM as one of the risks.

Turning raw land and a mobile home into a quick profit with your own cash is a serious play – most people only dream of that kind of hustle.You're smart to want to keep the debt light and avoid typical fix-and-flip loans for these unique deals.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Best tenants, less wear and tear on your property and typically 1.5-2x the rental rate compared to long term rentals.

Other rental strategies typically have higher returns but require more work and can be location dependent:  short-term (by the day aka AirBnB) and mid-term (less than 12 months targeting traveling nurses and other workforce labor).  

Hey @Elena Lyutenko - Assuming you’re considered a US tax resident (which most H1B visa holders are), you can typically claim depreciation, bonus depreciation, and other rental property deductions just like any other taxpayer. 

.😁 I typically buy close to where I am and work with sellers directly, but I have had a handful of times where Realtors brought me create finance properties, where the Seller was not having success selling at the traditional way.