We aim for a target cap rate, say 6%, aligning with our investment strategy.Here's an example: if a property yields $1.2 million in income and costs $10 million, resulting in a 6% cap rate.Then there's the adjusted going-in cap, factoring in potential changes in income or expenses.

HELOC rates are fixed only for a certain period of time and then adjust on a monthly basis.

Any adjustments to the plan?

Tenants will adjust better to the small increases.

Stay dedicated and committed to your real estate investments, keeping your goals in mind and being open to learning and adjusting to market changes.Good luck!

In addition, many of those cheap OOS places have historical long term rent growth at or below the inflation rate meaning that cash flow is unlikely to increase significantly in inflation adjusted dollars.  

Verify everything independently or risk-adjust the purchase price (which may not result in acceptance).2) then I did tax returns for a season. 9 out of 10 people with rental properties had no records of their expenses and would just say, “put down $200 for that” etc.  

Sometimes, partial renovations can be significantly cheaper while still resolving the main issues.Rent Adjustment Considerations: If you decide not to raise the rent to cover the cost of repairs, communicate clearly with your tenants about the situation.

I send certified letters as necessary and let the online system collect payments.  

Stephanie is soon to be certified Bank on Yourself insurance agent and use my own policy to fund my deals.We're near the NH Seacoast / MA North Shore and would love to meet some fellow investors in the area.