Hello, Help financially literate friends! I currently have 3 doors, 1 long term and 2 short term in Utah. My job moved me to SW missouri and we are currently renting. Wanting to get into a live in flip or a remodel fo...

Welcome to the BP community, Ai.Wishing you all the best on your RE journey!

Excited to see you active again and hear more about your journey!

If the new income is just enough to make the mortgage payment and not make up ground with the repayment plan which I bet is a 12 month repayment plan, I would probably lean on a longer term private loan to make up the rears.NEXT I would encourage them to find 2nd job and sell stuff to work out of this hole.  

It was also a simple, concrete block structure — easy to maintain — and felt like a safe bet for consistent rental demand.

If you want stability and fewer headaches, Metairie is usually a safer bet, but the trade-off is thinner returns unless you can add value.If you’d like, I can share some local contacts for insurance, property management, or lending who understand the unique challenges of this market.Hope that helps give you a realistic picture before you dive in.

We can all read textbooks about DSCR and vacancy assumptions but what really moves the needle is lived experience from operators in the trenches.Questions:In your scaling journey, what was the “hidden cost” that blindsided you most?

In addition, take a look at the renters themselves - you can't squeeze blood out of a turnip, so if they are essentially judgment proof, then getting the property back in your name and moving on with your life will be your best bet. 

I’m a disabled Army Veteran who is just starting my journey in real estate investing.I joined this community to connect with like-minded individuals, learn from seasoned investors, and build relationships that will help me grow into a successful investor.

No sure bets right now.I say go where the deal takes you.