The real estate agents who are knowledgeable and doing a lot of deals each month will be the ones who can get you these accurate numbers.

We jumped in with no clue about 18 months ago. 

Cost a lot $8000 for 12 months.

Cities in the San Francisco Bay Area are charging vacancy taxes because they're seeing people with a lot of capital just buy up properties to hold onto for appreciation and not renting them out.

The only problem is that he was working on the house for almost 4 months.

I currently don’t own any properties but I hope to buy a duplex in the coming months.

It took 6 months of market research (you won't reinvent the wheel), 2 months to build spreadsheets (analysis paralyze), 6-7 house tours (leverage a local RE agent), and 30 days to close with a conventional loan. 

Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!

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).

I have a premium condo in Dubai that cash flows $10K per month and price is less than $1M.