The rehab is basically done, we have no more expenses / materials to buy, just touch ups to complete. $68k in but that was our own money, not financed. 

However, once you've got the basic down, let me know if you want to discuss strategies and approaches or if you're considering a deal you want another set of eyes on.  

@Zachary Russell here's a quick example of the 5-8 unit program that I utilize most frequently for commercial multifamily:• 75% LTC• 7.75% interest rate on 30-year fixed term• 1.20+ DSCR minimum• Basic DSCR calculation, no expense load: DSCR = Income ÷ PITI• $350,000 minimum property value ($250k min. loan amount)• 80% occupancy requirement

But the seller is taking all the furniture so we will be furnishing it and basically starting from scratch!

However, we havent seen much of that and can't get even a basic email answered in re to growth or strategy within a week.

The bookkeeping is VERY basic and does NOT have a Balance Sheet which is a MUST for investors.Use Baselane for PM + Banking and use QuickBooks Online for bookkeeping. 

This opens up a whole new level of asset protection, going from basic (least expense) to complicated (expensive) very quickly.  

Basically, good debt is debt that through calculated use can be used for growth in assets and income (real estate, business) which should lead to a net positive outcome for you. 

Now , how much is a brand new basic refrigerator ?   

Basic refreshes to the fixtures, appliances, etc.