You just divide the monthly rent by the purchase price.

After selling one and using a 1031 exchange to buy a fourplex in Chicago, he reduced his interest burden by 20% while boosting his net incomes by $1,500 per month.

I have about 1$110K to invest, and I am looking to invest in the next few months. 

Even the nicer homes don't rent for over $2,750 a month there.

I would wait 6 months.

The last 12-18 months have been a little rocky in the DSCR space for 5+ units.

Once you know what your monthly costs look like, you can make a sharper call if a sweet off-market deal pops up.

TikTok probably the 3rd largest in monthly viewership, those eyeballs need to go somewhere.

It also requires different reporting of that separate interest expense on the K-1 each year so the partners know they have the obligation of tracing that interest expense to however the partner used the distributed proceeds.I typed all this up and realized Mr Brooks has left the building and posted this 6 months ago, but hopefully someone else will find this useful!

The structure would be a 75/25 profit split with projected returns of 10-15% on your money in 4-5 months.