In my opinion, it’s a terrible look when someone affiliated with a property management company doesn’t pay rent—and the owner won’t step in.High Turnover Costs-My properties often required expensive turnover work, frequently due to evictions and poor tenant quality.

My long term goal is to have multiple rental properties.My questions are: What would be the ideal steps to take with this house?

You would be looking at the bottom section step 2b: https://content.enactmi.com/documents/calculators/Form1038.C...You dont add the total new debt, and total new gross income(understood its after 75%, I was presenting my numbers after accounting for that)??...

I know that my next step is to open up separate bank accounts for each property and for the holding company as well.

I'm a project manager and have a team of over 60 contractors that have all undergone a 5 step vetting process.

Congratulations on taking that big step to getting your first deal.

Keep building momentum, even if it takes small steps!

@Aaron LandauScreening tenants is probably the MOST important steps of renting a property.

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.