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Updated about 2 years ago, 12/02/2022
What's your magic cash flow number?
Been analyzing a bunch of properties to see which ones around me cash flow (honestly not many unless I low ball an offer), but curious to know what cash flow value you all pull the trigger on? Just trying to figure out in general what's a good value to aim for. I take into consideration the mortgage payment, taxes, insurance, 8% vacancy rate, $150/month in repairs & maintenance, $150/month in CapEx, a small property management fee since I'll subscribe to pro on here to use their resources ($32/month). Still unsure if I want to house hack a duplex or get a SFH and rent it out after a year.
Any advice or insight is appreciated. Thank you