With the DSCR formula being Rent/(PITI+HOA), we're seeing that most savvy investors are putting own much more...in many cases 30% to 35%...to get the DSCR above 1.0%.

The smaller properties are still growing in terms of prices and rents - which have both gone up actually since covid. 

This allows me to pay off the private loan (~$550K principal + $49,500 interest).

Quote from @Jonathan Klemm: Happy to share @Bonnie Low! 

Hi,I am looking for advice as what you would do.I am open to almost anything.Here some Info about me.I am 34 year old married and soon to be dad. 

Mistake #3 was not having knowledgeable people around to be able to ask questions.

Welcome to BP.

I lean bearish because it's a consolidated market, not much of any room for any significant appreciating event.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

I am going to have to have my realtor make an addendum to the lease. the tenant has been paying for utilities up until this point. has anyone ever been through this?