I sincerely appreciate your feedback, and you've raised some excellent points.You're right to flag the 22% expense ratio—it is deficient, and I agree that a 35% ratio is a much more conservative and standard underwriting assumption.The numbers I presented, including the $33,894 in expenses and the $121,086 NOI, were taken directly from the seller's provided T-12 (Trailing 12-Month) financial statement.

. • A full-height crack (roof to floor) deserves a second look — $700 for a structural engineer is money well spent if you’re committing over $1M.

I am grateful for RTR's business model that empowers investors to "grow as you take action", but achieve an excellent outcome because of the support and excellent processes in place and a committed team.

If you used a HELOC/line of credit I would refi out of that and not use it long term(rates higher compared t a 30 year).

Excited to see your passion and commitment to diving into wholesaling.

Most of them do not want to have the difficult conversations with sellers in negotiations and do not realize how difficult it is to get a seller to commit to selling their home for 50% of ARV.

biggest thing for something this size is going to be debt service and location.It needs to appraise properlylender will want to typically see a T-12, PFS, and SREOhave never really done anything very creative with something like this. usually just a 30 year fixed term.

Maybe they can start charging car theft victims with all the crimes their cars commit while stolen. 

Currently focused on the stunning Oregon Coast, I'm building a portfolio that combines smart investment strategies with a strong commitment to hospitality.

Buyer used his own hard money lending with a commitment letter to the closing date.