You need to pull comps for what homes in a similar area, similar condition and similar size are renting for, that is what market rent should be.

I currently own 1 SFH and 6 multis of various size the largest being 8 units.

It is also near a massive medical campus that is constantly growing in a decent size metropolitan area.

Depending upon the size of the deal a hard money loan might eat 25% of the profit.

They have told me that they have lost their deposits over really minor things like cig butts in an ashtray or empty beer cans on a table. 

@Mei Zhu We recently did a shower with tile to maximize the space because the surround that was available for the size took about 2” off per side making it really small.

Maybe a different way to go about it is evaluating the market rate for a rental of that size.  

Given your plans to use VA loans for multiple properties, it’s important to consider a few key factors when deciding on your next purchase.Since you’re already using a VA loan for the 2300 sqft home, it’s understandable to think about the size of your future properties.

I was being told bring a mili to the table for STRs, or stay out.

Market OverviewThe Los Angeles apartment market is comprised of 864,197 units in thirty-seven geographic concentrations ranging in size from the 62,684 unit Hollywood/Silver Lake submarket to the Tujunga/La Crescenta/Montrose submarket, which amounts to 5,448 units.