This determines instantly if a lender will touch it.Another factor: STR financing is getting harder to come by (at least in the DSCR space). 25% of the industry used to lend on STR's, now it's less than 10%.And it being a condo, expect anywhere from 15-25 bps added to the rate.

Asking for detailed financials—especially rolling 12 months' data—can really help you determine what’s realistic.Think like a bank.

All long-term income characteristics are determined by the city.

Her brokerage listed the property, and she is taking me out there to do a walk through to determine if I want to take the next step. 

My biggest struggle right now is determining whether to buy a house outright with my HELOC and then refinance it in hopefully 6-12 months or do I use a smaller part of my HELOC for a down payment and try to get a traditional loan for the rest of the payment?

So far with the properties that have looked promising we have utilized the calculated NOI / Cap rate to determine the value and every one we have done has come up way lower than the asking price and in one instance came up less that what the current owner paid for the place initially.

Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.

If it's a tenant obligation, you aren't (unless your state laws still obligate you :)Verify with the locksmith the cause of the defect (if possible to determine) and the cost of the service. 

You're going to want to start by checking with local zoning and planning to determine is the home can become residential assisted living.

Determine the rent you need to cover your expenses and then add the desired cashflow. 2.