The biggest damage is letting it sit.   

If you are in an area where houses start at $250K and go to more than six figures, you might be fine with making that cut off line. 

I’m in Utah, and while a lot of markets around the country seem to be heating back up, we’re still very much in a buyer’s market here.

My concern is that the property has been sitting on the market for 80 days. 

Driving for dollars and hitting open houses is exactly how a lot of investors get started, just keep at it, and the right deal will land.

Landlords and property managers.

It doesn’t just go for people around you like friends and family, but also people who are investing. 

Some people just don't have that kind of money sitting around.

We also did some cash out refis where we lowered our interest rates and got some cash out (at lower rates) and used those funds to also pay off additional debt on other higher interest rate properties… going from high 5 to low 6% rates to 4.1% - again helping our cash flow.When we started, our goal was to have a cash flow of $300/month after PITI and a maintenance reserve.  

Or anyone know a hard money lender that does purchase and rehab in South Dakota?