The calculator estimates that operating expenses are equal to 50% of the monthly income.  50% is a rough guide. 

Hi Everyone,I am looking to get started with doing rental arbitrage with my cousin who is a Green Card holder, however, I am on a H1B Visa which restricts my ability to earn income "actively".

I’d check the local market to see if there’s a steady demand and compare the potential income with what you're making now to see if it's worth it.

The extra income is not worth the disruption to our neighbors.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

I guarantee both tenants were at least passively looking at other apartments that same day. 

DSCR loans let you qualify based on the rental income of the property rather than traditional income verification.

Median household income can be an indication of the area.It's not feasible to manage D-class remotely or with 3rd party management and make a profit.

Did a 125k upgrade to unit, but now need to make income.  

Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.