I am sorry, but I would run from that syndicatorIt sounds like you lost $13,000 from this investment or at least this property calculated as follows($50,000) + $5,000 + $32,000 = $13,000On top of that, he may have increased your overall tax burden by doing a cost segregation in year 1...

She has written the STR book for BiggerPockets in the bookstore, which has amazing information.Our BiggerPockets STR calculator can help see what expenses may come and quickly pencil out deals.

Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).

That's something he would have to keep up to date each year to calculate the amount of depreciation to claim on Schedule E, correct?

However, the impact of this method depends on how interest is calculated on your loan (e.g., daily vs. monthly compounding).Bi-Weekly Payments: Paying bi-weekly effectively means you're making one extra payment each year (26 half-payments vs. 12 full payments).

ROE is also a snapshot in time depending upon when you calculate it.

It’s similar to the mortgage calculators you can see online but can add extra payments.

You're 3-5 years too late:(As you've calculated, you won't cashflow anytime soon - without changing your priorities.Example: you have roommates now, but don't want them if you buy.- While this is your perogative, how much monthly are you giving up?

I am looking to take the (calculated) plunge early 2025. 

@Brian Scott don't forget to incorporate the tax savings into your calculations too!