The larger unit will have higher maintenance/cap ex even with coastal environments being harsh on some items.I suspect your expense estimates are far too low especially if you kept the BP calculator default percentages.  

These are all LTR and while he would love some passive income (don't think he necessarily has to give that up) he'd much rather one of us get a larger tax return for us to continue buying more properties.

But larger repair items such as appliances and mechanical, plumbing, electrical, roof windows doors etc should still fall under the landlord's responsibility.

Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.

While they do eat into rental margins the larger profit came from the sale and the added rental profit was not worth the hassle of being a landlord.

HVAC could last another year or 5 but on any property you need to be prepared for larger expenses to come up during ownership.

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

. $250 per turn would be for larger unit and very good job.  

Quadplexes will fall under residential financing, while larger units will move into the commercial space.

I would say 90 percent of all homes in the outer banks are in a str program of some sort.