Especially if you can get to $5k in rent per month with $30k in work.

I’ve been able to calculate all my monthly operating expenses, lowest possible rent, and upgrades.

What formula is used when calculating price of property + property taxes + expenses and upkeep - what property will rent for = monthly cashflow?"

I don't agree with your assessment on Tertiary markets as it relates to appreciation and cash flow.while some can be OK.. many of those markets are stagnate and those renting are certainly living month to month.. harder to find labor etc.

Quote from @Rushi Shah: Hi everyone, my partner and I are renting right now and looking to start our landlord journey.

How much rent will it collect?

A real estate company told me the house needs too much work to rent out, and that an auction is the best course of action.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

There are plenty of jobs and opportunities if you know where to invest and where not to. 1.5 rent to market value ratio is pretty attainable and closer to 1:1 in nicer areas.

Its return is achieved due to an alternate rent model.