For example one family wants to repair the roof and the other wants to replace it.

In fact, since the pandemic and inflation hit, the 2% Rule seems to have all but disappeared in all real estate discussions and been replaced with the “1% Rule” in this tighter market. 

My water usage bill is the same,  general lability coverage is the same, if and when I have to replace my water service line it will cost the same, the cost for my lawncare and snow removal costs the same, exterminating services cost the same and the list goes on.   

I had thought the process would be an engineering firm.

Side note, she was able to get into this property for just under $13k and we we're able to negotiate the seller putting in a new AC unit as well as paying a $7000 invoice to a contractor to replace the roof.Moreover, if your credit is solid, I'd opt toward a 5% down conventional loan if you're leaning toward the 3.5% down FHA route.

But if you are more experienced it in no way is a replacement of any of those services.

She's again looking for a business plan :)As my goals for real estate progress and our event rental company grows, I'm looking forward to the day where it can be income replacement and I can quit my day job!

Throw in a dose of imposter syndrome and fatalism and you have a recipe for some mood swings right before a property is booked again.From a practical point, I would recommend great photos, a clearly defined target to whom you are advertising and understanding the best pricing of an area really well to ake sure you get booked in a timely fashion.From a more meta perspective, be aware that these listings don't typically get booked well in advance (families displaced by flood or fire, traveling nurses who need a new contract ASAP, and construction projects that realize they need a speciality engineer on-site RIGHT NOW don't book ahead). 

The vast majority of DSCR loans are structured as regular mortgages with the personal income/DTI replaced by the rental income from the property.

- Measurements of all sheetrock, flooring, cabinetry, counter tops, etc that need to be replaced for estimates.We’re both ambitious but also realistic about the risks.