I like to stress test before jumping in, play devils advocate so I can cover every angle

How are you stress-testing your deals given interest rate changes and possible price softening?

On underwriting, a few things I wish more first-time buyers focused on: assume conservative rents, not “top of market,” and stress test the deal with one unit vacant or underperforming.

That sounds incredibly frustrating and stressful. 

You can get solid returns without the stress of overpriced coastal markets, and it’s a great way to learn hands-on while keeping your risk manageable.

If no buyers want it, the issue usually isn’t the contract, it’s that the deal wasn’t vetted well enough on the front end.I work closely with wholesalers on the lead generation and qualification side, and what I’ve seen is that when deals come from properly motivated sellers and are underwritten correctly, disposition becomes much easier and less stressful.

In NYC we are use to being stress on properties being held up or going bad worth 400-500k and up so a property in Newark purchase for 50k is no stress and being a contractor, those homes just need some TLC.

It sounds like that has taken its toll and it may be time to hire a PM who will give you the relief of not dealing with the stress of coordinating maintenance. 

On top of that, there’s strong appreciation potential and it’s very landlord friendly, making long-term holds a lot less stressful.

Instead, you have chosen to lose 4 months of rent * $1,300 = $5,200.You should get an aggressive rent decrease model.