There are rules to follow!

Bids are applied in $100 increments.  

I also plan on applying my net rental income towards principal only payments to shorten the life of the loan.

There are rules and exceptions to the rules -- it's actually pretty interesting if you take the time to research it.

I have 5 STR’s and I am wondering for those who have paid this money is it something I can pay for 1 listing then apply what I learn to my others?

Note that there are restrictions that apply to STRs in Ojai and the Ojai Valley.  

Thus we broke two rules.  

As a general rule of thumb it's smart to pay for 10 - 20% of the total costs (purchase price + rehab) out of your pocket and then finance the rest with hard money. 

With house hacking, there is a simple rule in my opinion: The more uncomfortable you're willing to live, the better the numbers can work, the more comfortable you need to live, the less the numbers will work. 

I have a three unit building, but one unit needs to be remodeled the other two have been renting out for the past few years.If I spend X on renovating this apartment to get it ready for rental will the cash on cash return apply ?