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).

Built on the patio our outside of the house to save interior space. 

<<< Of course that is what I am trying to tell you but don't confuse 'advantage' with 'different' -- if your goal to is maximize your return than you should be more hands on; if your goal is more to save time and hassle then let someone else do it all for you; in the end you get what you put in. 

Our HOA/complex manager has saved my butt more than once when a guest has locked themselves out of the unit and I'm across town or whatever.

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

LLC's have their place, but they are overhyped and new investors tend to overestimate their importance and underestimate the administrative effort.I have been a landlord for 15 years and well connected, yet I don't know anyone who was very saved by an LLC, so I asked BP nation:https://www.biggerpockets.com/forums/926/topics/1151922-than...

In Oregon we do have to build retention ponds for water run off to save the salmon and Steelhead.. which is OK by me since I enjoy fishing for both.. but again add 50 to 200k per project and then build starter housing.. ???

Managing the operation myself could save money and provide better control compared to working with out-of-state properties.

In my shoes, it would be hard to credit a client for a decision that could have saved you $10k+ in damages, especially when it wasn't something that went to our firm (like management fees or an in-house maintenance contractor).

I’d be happy to use my Sherwin Williams and save you $10/gal. #2 if I don’t know you, I’m not working until there’s a check in hand.