Most here are real estate investors and typically those are not viewed as "businesses" because they have no real value as businesses outside the value of the asset(s) owned.

Quote from @Joe S.: Quote from @Don Konipol: Quote from @Joe S.:  So we got a call from our property manager and said that the toilets were backing up. 

I have done a few hundred sub 2's in my day and all sorts of issue arise that your probably not thinking of or no one could have thought ahead about..

You should be able to get a rate in the 5's. 

Some won't but I would want that so they aren't pulling random #'s out of the air.

It DOES NOT require a full gut rehab (rehab could consist of new kitchen, new bath(s), windows, flooring, paint, etc.

s point #11 about ADUs I looked into one for my SFH rental and adding an ADU (mine would be attached to the main house, not a separate structure) would cause my SFH rental to become a 2 unit and under rental control.

The house has some great pros:• Newer 2000's home with renovations in the last 4 years• Renovations include: paint, lvp, toilets, vanity, ceiling lights/fans, roof and HVAC• Tenants look like they are up keeping the house decently.

Higher cash flows are key here.  1.25+ DSCR can get you in the low 6's on a 25 year amortized loan right now. 

Been reading a lot about how student housing caps are in the 5's now, but curious if that only applies to the bigger buildings/portfolios, or if a lender will abide by those rates on the smaller stuff?