We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.

Then your "loss" is only $700 more per month than what it is now, and if you live there at least 2 years and can manage to sell for a profit you won't owe any capital gains assuming you lived there first.

While I want to maximize profit, I also want to keep my properties stable.

Welcome Scott,There's a ton of useful resources here on Bigger Pockets from calculators designed to show profit/loss to seasoned investors giving advice.

This creates a risk-free profit center for them, but no one here is a fan of the upfront fees.On the positive side, I believe their website is one of the best I’ve seen for a lender.

Hi Shayan,Rehab projects that involve HOAs can still be very profitable, you'll just want to check in with the HOA prior to signing the purchase agreement to check if the work that you want to do will be allowed, but also to see if the condos are warrantable.

Some will just charge you the interest, some will charge interest + points, some will just want a % of the profit at sale/refinance. 

I was able to package three of them in one deal, which ended up breaking even/not profitable (A little bummed on this one since I think the buyer (an investor) won the better side of the deal in terms of gaining equity on the houses).

I currently reside in CO so looking to invest remotely.ThanksHey Matthew, BRRRR investing can rapidly generate profits but I'm gonna be honest, you need people you can trust especially in a place like Cleveland.

I typically sell single family houses as Turnkey's to investors from California and to offset the profit by buying into an apartment complex to get the tax write offs makes a good deal of sense.