I took the property to my local Credit Union and it appraised for $121,000 and I could take out 70% of the value so I paid off the original loan and got reimbursed exactly $30,000 so I essentially only "put" $2,000 into the unit that now brings in $2,700 a month.

It is essentially, my baby. 

@Eric Samuels If you parents have to leave due to disruptive conditions the landlord fails to address, then in some states that is know as "Constructive eviction"  In other words your parents leaving is essentially considered an illegal eviction by the landlord.Your parents could be due damages for having to leave.

So you essentially bought at 33% of the ARV.

You are essentially selling a contract not a house.

rehab or bridge loan (short term debt) to get the cash to reno, do the reno, put a tenant in, and then do a DSCR loan for long term debt. if the property is in good enough condition and you can qualify using income instead of a renter, you could likely do a fannie/ freddie inv. loan and just dive right into a 30 year fixed without having 2 different transactions. this will save on transactional costs but it would have to pass appraisal (reads: the property has to be livable without health an safety issues). hope this helps

Caveat is if there are safety items like 30 units need secondary fire access road, so the phase that hits 30 units also has to be the phase that builds the secondary access road if it isn't in yet...that kind of thing. 

It's essential to carefully evaluate location, builder reputation, timelines, and local rental policies before moving forward.I'm interested to know: Are you considering preconstruction properties this year?

During the showing, she mentioned that her contract prohibits her from disclosing personal information about her clients, including their names and Social Security numbers.I'm considering accepting her application but charging higher rent—for instance, an additional $200 per client—to account for the additional risk and lack of standard tenant screening information.I'd appreciate input from the community on a few questions:Fair Housing & Rent Adjustment: My understanding is that adjusting the rent in this case is not considered discriminatory, since the applicant cannot provide essential screening information and I would be assuming greater risk as a landlord.

Boots-on-the-ground insights—from providers who engage directly with tenants—are essential for finding areas with sustainable demand.