BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I understand business is slow right now relative to recent years, I'd recommend you get a better grip on being a REI agent.

Better rate would help your cash flow.i would pass,  more relevant is I recommend you pass on this purchase.good kuck Hi Dan, thanks for the reply.

Here’s what I recommend instead:Offer Value Beyond Price: Rather than just lowering your rates, focus on adding value to the guest experience.

Why don't you take a few months and attend a few of the BiggerPockets webinars hosted by Brandon, listen to some of the podcasts, and read a few of the recommended books.

Avoiding accessive PM fees (personally I recommend most people self-manage)These will eat away at your ROI.

If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.

@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I have recommendations for lenders and agents in the area that can help your journey as well.

I would not recommend that.