Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

I’ve come across a few investors recently who seem to have forgotten about that detail.

Thanks for the detail Peter.

@William Weston You don't have to house hack, but if you could fit your family of 5 in a 3BR unit, would this work: https://www.realtor.com/realestateandhomes-detail/8104-Chesw...?

That means creating a clear budget, forecasting cash flow, and maintaining a detailed financial model that tracks both the current and future performance of your portfolio.Tax Optimization & Risk ManagementBeyond financial clarity, strategic tax planning and risk management are essential to safeguard and grow your real estate investments.

Hi Andrew, there are few ways to get this financed for you with a 1 year work history, but of course the devil is in the details.

@tj @TJ Dittmar So, something like this: https://www.realtor.com/realestateandhomes-detail/516-N-Lumb...?

(All of this is also with the caveat that I don't know the details on your current home). 

@Kristian Forbes What about a duplex like this: https://www.realtor.com/realestateandhomes-detail/135-S-Piny...?

That’s what I’m considering but still ironing out the details.