@Nicholas Foy average sales price in The Eye was $87,944 in 2023.We consider it a Class C- Nieghborhood.So, tenants will probably have FICO scores under 580.Means you may want to use a Vacancy/Tenant nonPerformance factor of 20%+ in your metricsYou'll also need a real good team on the ground to minimize losses.

There are a lot of factors to consider here, but if you can keep your current residence as a rental, I would do that, possibly even a STR or MTR. 

I’ve been hearing a lot about cost segregation studies and have a few questions…- What are some of the key factors that determine whether a cost segregation study makes sense?

- Need to consider cost of property manager- Home insurance I heard is higher in FL- More landlord friendly I heardAny and all thoughts, critiques, suggestions, or whatever factors I haven't considered would be much appreciated.

I would conduct an inspection, determine the cause, and make the repair.You shouldn't keep tenants who habitually pay late, but there are various factors to think about and I can't go into all of them.

The reality is that the tax impact and ability to take ANY losses (as Michael mentioned) is based on a number of factors that include whether or not it is a "separate dwelling unit".

We are in agreement that my moving into the apartment is a huge contribution but don't know how to factor it into the deal.

Your ROI off a 20% down payment will be around 60-80% when you factor in principal pay down on your mortgage (which your tenant is paying off), 5% normal appreciation and monthly cash flow.

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).

However, I do see most rentals do 1x rent for a security deposit, so it would be another potential factor in a renter's mind when comparing your listing to another.