If someone is staying at my lakehouse because they want to teach their kid to fish, ill leave them a kids fishing pole, some bait/tackle and a guidebook. 

Maybe if you go into something like HVAC where you wouldn't be involved soup to nuts in rehab projects but just one part of it, I'm thinking that might be more conducive to a side hustle part of a rehab team. 

The rental market here is NUTS...

In fact, most think I'm nuts, or are naysayers.

With those numbers the renters are going to rough it up and it will drive you nuts

These were largely sourced pre-CV19, so eat the fish and spit out the bones.The DTI percentage range varies by lender, and it is less than what you will find for an owner occupied property, due to lender risk.

Projection figures are all well and good, but the actual nuts and bolts of the plan can't be forgotten!

I’m looking to start out in real estate but I’m seeing prices on homes of $100k-200k higher than they were 1-4 year ago.Even fishing for leads and off market deals is it safe to rely on average per sq. ft. in my market?

Buy a new fishing pole!!

Would love to hear if anyone thinks these numbers / assumptions are wildly off or too conservative.Acquisition CostPurchase Price = $200,000Closing Costs (at 2%) = $4,000Due Diligence (at 1%) = $1,500Up-front Renovation Reserve = $5,000Total Acquisition Cost = $210,500Financing:20% down payment = $40,00080% loan (likely a major lender, traditional 30 year loan) = $160,00030 year term @ 3.2% (educated guess with very solid credit)Monthly Expenses:Mortgage Payment = $691.95Property Taxes = $120Insurance = $55Property Manager (soup-to-nuts) = $159Other Variable Monthly Expenses = $40Capital reserve monthly deduction = $37/month (5% of net income withheld for capex)Assumptions:3 months to renovate / update post acquisitionProperty rents for $1,400 / month (and assuming a 3% annual increase)20 day vacancy assumption = 5.48% vacancy rateTenant takes occupancy month 3Annual expense growth rate of 3%Expected / Target Returns:Monthly IRR (w/ financing) = 15.48%Monthly cash-on-cash return (average over 5 years) = 2.79%Monthly Net Operating Income (year 1) = $798Capitalization Rate = 4.79%Kyle