However, it seems risky to own a property that you would barely break even on each month in the case of an unexpected emergency.

I could barely answer all the messages.

**I did not add a management fee in there, but if you do even at $1500.00 your top end you are barely getting by....

Hey @Cameron Wells so the tiny homes on wheels are not real property, they are essentially RV's.What I would find out is what the property is worth bare.

Because there was barely any cheap product and I had buyers looking for this type of product.

Your bare minimum eviction in NY State is 6 months, but that would be best case scenario.

This gets my mortgage payment barely at break even for LTR value, (could be negative cash flowing), and lowers to about a 6% CoC (with down payment, renov and furnishings' costs)About 1.5 pt lower than my goal and with an MAO $10K higher than I wanted.b.

I look at baseline affordability and edge just barely up.

@Roy LoganIt sounds like you’ve made some great moves in real estate investing—your BRRR strategy is paying off with those solid returns.At the bare minimum, you should do the following to make your bookkeeping easier:Dedicate one checking account and credit card exclusively to real estate.

Weeks later found another buyer, barely qualified, a pain to work with, does not respond half the time, red flags all over, seller is motivated.