They don't let little things from getting in the way and are good at finding solutions, rather than problems.A good broker can avoid deal-killers, like loan amounts or regional lending issues, and can find these lenders that fit with what the borrower is trying to do.

Quote from @Steve Wilson: @Drew Sygit ideally BWhat does your idea of a Class B tenant look likeCredit Score?

Ideally we are looking for a single family home (3+ bedrooms) in an area where STRs are profitable.

In Northern Virginia, you are mostly betting on long-term appreciation rather than strong cash flow right away, so ideally you’d want to plan to hold the property for at least five years for it to make financial sense.

Definitely look for advice and pursue strategies that will fit your circumstances

Growing a portfolio can feel like a big puzzle at first, but it really does get clearer once you start talking with other investors and seeing what paths fit you best.I’ve learned a lot just by sharing experiences and comparing notes with people in the community, so happy to bounce ideas anytime too.

Ideal for Chicago rentals, STRs, and BRRRR deals.2.

But people have a tough time imagining if their bed will fit in that room, if their coach/sofa/sitting apparatus will fit in that living room space and so on.

Showings may change to more virtual (which can be a possible issue if they can't come look at before signing a lease as they'll be more open to options & best fit - price, location, condition of home, allows pets, nice & safe area, etc.)The PM should still be vetting everyone & professionally screening them to make sure they meet the qualifications & standards (which can adjust too, but may open up to not as qualified people that can lead to uncertain outcomes)There's a ton of potential for risk of it not working out, then a lot more money being spent all trying to find someone..

I’ve been a long-term investor in DFW for about four years, but this will be my first value-add / non–move-in-ready property.My goal for this project is to either flip and immediately sell or BRRRR, ideally pulling most (or all) of my cash back out while still breaking even on monthly cash flow.