Also, don't foget to factor in charging for your ongoing time if the MTR guest requires assistance during their stay.

It really depends on a number of factors as others mentioned. 

Here's a guide to some common terms, rates, and factors you might consider when structuring seller financing for your rental house in Memphis:1.

All those things factor into this arena though.  

Also make sure that you're up to date on the rules for the city state and county as it pertains to rooming houses and factor in higher than average insurance costs as you do your DD.

Understanding Price "Improvements"In the world of real estate, pricing is a critical factor that influences both the attractiveness and the competitiveness of a property.

What strategies do you use to build strong relationships with private money lenders, and how have these connections influenced your investment success?

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

If not, it won't happen that way and you will have to look at a lease option to purchase.Please note that $2000/mo lease is probably a better deal than a $300,000 purchase taking all factors into consieration.

With historical vacancy factored in, that will likely be more like $143,000 rent topline, not including seasonal A/C surcharge revenue, plus about $1,520 in laundry revenue.Expenses: Total operating expenses are running about $59,200, before depreciation or mortgage expense, and not including the offsite property manager role (me doing screening, etc).