These charges apply even after paying a monthly fee of $179.

You rent it for one year and create a successful STR business that shows a trailing 12 month net income of $75,000.  

It's a townhouse in Ohio, and as per the estimated financials, I could be looking at $400 per month in cashflow.Problem is...

Guess what guys, I just started using Buildium and we are in 2023, they still do NOT have a way of properly entering and tracking your credit card expenses.I use one credit card for all expenses and at the end of the month I am trying to make a lump sum payment for each property and there is no way to handle something this simple. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Am currently searching and will be purchasing a property within the next 12-18 months in the Atlanta area.

Do they take up much time each month?

Hi BP.I have a tenant who has NOT paid rent for this month (August), rent is due 1st of every month according to lease agreement.

Very different advice if you were looking to make $20k a month while spending your days on the golf course or lake. 

I know that the tenant currently makes $33,144 gross a year which would be $2,762 a month.