Expenses✅ Ensure rental income covers mortgage, taxes, insurance, and maintenance costs.✅ Calculate potential profit/loss using this simple formula:📊 (Monthly Rent - Total Monthly Expenses) = Net Rental Income3.

It's also essential to factor in your financing costs and ensure your cash flow projections align with holding costs.

From my perspective, it’s essential to ensure that financing aligns with your long-term goals and risk tolerance.

I'm looking at purchasing a small multi-family rental property in the Allentown or Philadelphia area, and I plan to use the BRRRR strategy.I'm struggling with the best way to analyze potential properties to ensure a solid ARV and would love any advice on effective tools or methods you use.

I've found the best way to ensure the work is truly getting done is to have a property manager in house that I can manage on a week-to-week basis. 

Move-Out Checklist for Investment PropertyA well-structured move-out checklist helps protect your investment, ensures a smooth tenant transition, and reduces turnover costs.Tenant Responsibilities (Before Move-Out)✅ Provide written notice of intent to vacate (per lease terms)✅ Schedule a move-out inspection (if required)✅ Pay all outstanding rent and utilities✅ Remove all personal belongings and trash✅ Clean the unit thoroughly:Wipe down walls, baseboards, and doorsVacuum and mop floorsClean kitchen appliances (inside/out)Wipe down cabinets and countertopsScrub bathroom sinks, toilets, showers/tubs✅ Replace any missing or burned-out light bulbs✅ Repair any tenant-caused damage (holes, broken blinds, etc.)✅ Return all keys, garage remotes, and access cards✅ Provide a forwarding address for the security deposit refundLandlord/Property Manager Responsibilities✅ Conduct a pre-move-out inspection (optional)✅ Take photos/videos of the property’s condition✅ Verify all keys, garage remotes, and access cards are returned✅ Check for unpaid rent, utilities, or damages beyond normal wear and tear✅ Hire a cleaning service (if needed)✅ Complete repairs and maintenance (paint, flooring, appliances, HVAC, plumbing)✅ Change locks if required by state law or property policy✅ Test smoke detectors and carbon monoxide alarms✅ Review lease terms for security deposit deductions✅ Send tenant security deposit refund (minus any deductions) within the legal timeframe

I can help you navigate those details to ensure you’re looking at properties with strong cash flow potential. 

A strong lease won’t matter if you place the wrong tenant—so ensuring accurate and thorough screening is key. 

A real estate CPA can help structure your investments to ensure the best tax efficiency.This post does not create a CPA-Client relationship.

I’ll ensure that the electrical panel and plumbing are checked thoroughly to avoid any future issues.I also completely agree about the importance of paint.