Quote from @John McKee: IF you took your 600K today and put it into mortgage notes at 12% you will have $72,000 a year or 6K a month in cash flow right NOW! 

Quote from @Vishal Chandan: I am about 25 days from closing on my first investment property and the mortgage loan officer wants me to keep my credit unfrozen (from all 3 credit bureaus) till the day of closing.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

As I'm sure most of you know, a long-term rental is simple since the only recurring expense I own is the mortgage, whereas with a STR I'll own the mortgage, internet, utilities, furnishings, cleaning fees, etc. which just makes my projections a bit foggier.I'm looking for feedback on the below expenses and wondering what else I should be thinking about, that I don't currently have listed.

She should consider moving to something cheaper if she can't afford the rent.

Is there a way to remove him from the mortgage without refinancing?

For ballpark numbers, we bought the home for $850k ($715k left on the mortgage), and once the renovation is complete we'd be looking to sell for about $1.5M.  

For those that are 1-4 unit properties on fixed-rate 30-year mortgages, I'm generally not making any changes since they were purchased at low interest rates.

The provided a really nice place to live for significantly cheaper than renting a run down rental in a bad area.

If you are not willing to travel to place and understand the market you are investing you should not be investing there just because it is cheaper then your local market.