That actually works in my favor because there’s less competition, which means better pricing.

The “BRRRR” only works here if:The ARV really does come in at or close to $900kThe lender gives you very favorable termsYou’re okay with thin or even negative cash flow for a whileRight now, the debt load is just too big for the income.If this were mine, I’d do one of three things:Renegotiate the purchase price to build in more roomRefi at a lower LTV, even if it means getting less money backSkip the full BRRRR and just hold it with the lower original paymentThat would make the deal safer and a lot more predictable.

Overall I am seeing rental values level off and even go down in many markets - even ones most favorable to landlord.

It's in a very sought out neighborhood and has plenty of favorable comps to justify ARV.

. • Converting from conventional loans to DSCR or non-QM products can make sense for investors.If the property performs well as a rental, a DSCR loan can sometimes offer more favorable terms and flexibility than the borrower’s original financing — especially for investors who aren’t trying to qualify based on personal income. • Lower monthly payments = higher reserves and more stability.When investors refinance to reduce their payment, they’re not just increasing profit.

Great to have you here.I don't live anywhere near Indiana (I'm an Illinoisan living in The Netherlands), but I've invested in a couple properties (multifamily syndications) in the greater Indy area and it generally seems like a pretty favorable market with some pretty good opportunities.All the best with getting started on your investor journey!

Their ability to move quickly and present simple terms helped secure a favorable purchase price.

But in Future dollars with 3% inflation it will only be 55% of that or $25,300 in current day dollars.The above is a very favorable outlook  based on the standalone deal. 

I would either have plenty of funds or wait until the market is more favorable.   

I think the trend is in our favor.