Can you afford the downpayment, brrr costs, keep money in the deal and have sufficient reserves for both properties(i.e 2 years of vacancy/lead times, 75-100% of capex, 3-6 months of random ********?

Use the "extra" income to build a reserve for maintenance, vacancies, and other expenses that don't happen regularly.

Consider local trends, and proximity to schools, transit, hospitals, and reserves.

Make sure to have thorough inspections done and factor in extra reserves just in case.

Take off the party hat 🥳😔The recent decision by the Federal Reserve has sparked widespread enthusiasm across markets.

You may need to click the images to enlarge them.Summary of the Year 1 cash flow: The details: $82k purchase price, 25% down payment, 25% reserve for maintenance, vacancy, and management.

Thanks for confirming.

This is such a great read and knowing you personally can confirm this is not AI!

With that in mind I’m projecting 200-250k to fund a 25% down payment, closing costs, light rehab, and 6 months of debt service and opex as reserves.

However, do make sure you have some form of electronic confirmation that their payment was received.