Regular preventative maintenance, typically during turnovers between tenants I take note, anything that will likely be a need to repair in the next 12mo I try to fix during my turnovers before a new tenant, but I also take note of anything that may be needed in the next 24mo and the next 5years and I estimate the cost and budget it into my reserves Best of luck with your self management journey!

Most people who ask this type of question when they are new forget that you need a minimum of 15k reserves on any property.If you just boil down BRRRR, you can't do it without money because it's not a flip, it's a rent/refinance so you need money for a downpayment and money for the rehab.

Just buy a third property when you have the downpayment and reserves set aside.

As a final step, they requested an in-person appraisal to confirm the value of my current residence.

You have the potential of something really great here, you just want to proceed slowly and not dunk your money until you can legally confirm it will be your return on investment.

Orginially I was evaluating deals and account for tithes, but after expenses, debt service, and reserves.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

ALWAYS run thorough, realistic, numbers on all expenses and reserves.7.

I had our tenants confirm with their insurance company that they covered moving expenses and temporary housing as soon as I found out we would need to have the floors replaced.

From a few people I know that do STR in Bali, I can confirm it's highly profitable.