- DSCR = Net Operating Income / Annual Debt Service - If the DSCR is above 1, it's generally a good sign.- You mentioned you don't need the money right now, so holding onto the property could provide long-term rental income and potential appreciation.Here’s what you should consider:- **Financing Costs**: If you decide to rent, ensure you factor in all expenses, including mortgage payments, property taxes, insurance, and maintenance.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.

He owns and operates several STR's in the area and has it down to a science. 

At same time there operations costs are also expanding due to wage inflation naturally fallowing the "everything inflation" so yeah....

Thanks min what market do you operate in?

I am going to provide coin-operated laundry units in the basement of both properties.

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.

Your personal mission is good, but that's not operational.

Hi All, I am a new member from the Bay area, Ca looking to invest and operate an Short term rental (STR)I am listening to the Avery Carl's audiobook. 

Connect with @Jillyan MacMorris she's an experienced MTR operator in Chicago

Expenses (both transactionally as well as operationally)  disproportionately impact lower priced assets.