It covered the entire mortgage and all the utilities.

The $1250 amount would require the landlord to pay all utilities - which we don't recommend as tenants will abuse the utilities if they don't have to pay them.

Remember, except for property taxes (in our case CA locked in super low) insurance, utilities and some maintenance, all other $ goes for the fun stuff in life.

You could also utilize a P&L loan from your business income or a bank statement loan.

You should be able to refinance with a DSCR loan with a lender that utilizes AirDNA projections.

We got the house dirt cheap, no utilities were on the majority of the rehab and we replaced everything.

Takeaway is having at least 1 medium term guest will yes have lower rent potential but less headache and helps stabilize income.Gross Earnings: $2,200Expenses: $75 supplies (we clean ourselves, takes 10 minutes, and it's right upstairs no biggie)PITI: $2,700We paid $800 including utilities and any little repairs needed to live here.When we move out, we expect to cashflow around $500 a month conservatively.

Currently, we have $220,000 in equity and value added.I’m inclined to hold off on a refinance cash-out until I secure another deal where those funds can be effectively utilized.

My lease states that anything the tenant owes me like late fees, utilities, damages are payable "as rent".

This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.