You are making one of many mistakes.

I believe I make MORE money by charging less in large part because of the reduced vacancy.If you can keep tenants on average a couple extra years and basically eliminate a 2 month turnover you have gained 2 months rent.

When we partnered, I had already made all the mistakes and he avoided them from my experience.Gino

Learned that one the hard way...It's really tough to nail down accurate build costs unless you have plans to get quotes but if you want to reach out, feel free and I'll give you my best guesstimate and can potentially save you from some of the mistakes I've made.  

Hard money loans are loans based on (mostly) the value of the asset, eliminating or reducing the other criteria used for most mortgage loans of borrower credit, financial condition, and sometimes even cash flow of subject property.  

Then, you'll match that journal entry to the bank feed deposit within Stessa that will most likely flow through your bank account in early October.This method allows you to clearly see your income less all applicable expenses per month per property within your master accounting software.Doing this also has the added benefit of allowing you to catch any mistakes made by the PM as well (we catch mistakes all the time for our Clients that would have otherwise cost them money).Does that make sense?

My goal is to obtain another rental property, possibly try anirbnb, and also eliminate the cc debt if possible. 

As Harry came to dominate a large segment of the NYC real property market, this became a serious costly mistake for those who Harry thought had not acted ethically. 

We learned, and those types of mistakes won't happen again!

@Miguel Del Mazo MANY investors who get involved in managing other investor's properties make the same mistake you are making - they SEVERELY underestimate the time it takes and UNDERPAY themselves!