Success in real estate requires courage, perseverance, and the willingness to take calculated risks.Internalize these principles and apply them in your real estate endeavors, and you will be on your path to success.

A financial calculator and legal pad might work in the hands of someone who knows what they are doing, but that doesn't mean it's the best way to do it.

Use tools like the BiggerPockets calculators to run the numbers and ensure the properties align with your investment goals.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.

From the looks of it this thing is no worse than the BP Calculator.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Sterling,Each lender is different on how they calculate income and also what overlays they have that can cause a bad income calc. 

How to calculate DSCR is NOI divided by Annual Debt Service. 

After she gave me the numbers, I calculated the rehab to be around $16,000 which I was fine with.I saw on the app we use to track expenses that there were small charges for the rehab which I was fine with.

Calculating these losses involves documenting the fair market value of the property before and after the disaster, adjusted for any insurance or other reimbursements.