With the numbers you provided above, you will have to ensure you have healthy reserves.

I'm sure they are out there but this is just a rule of thumb and I would rather use J Scott's approach when he analyses deals outlined in his book.You factor in your desired profit as a cost and you work backwards.

McElhannon: I'm curious on peoples go to approach to secure financing for an investment property - use a broker? 

Prioritize quality locations.Keep healthy amount of reserves per property, hire a PM, and hire a tax friendly CPA(not planning just prep). 

I'm not sure about other neighborhoods in Cincinnati but my properties' area (Mt Healthy) just introduced a City Rental Registration, starting 2025, that costs $100.

Quote from @Bruce Woodruff: There is the black and white approach where only $100mm and 4% body fat are acceptable.

Hey y'all, I have approached a point where I have built up more confidence in performing my first house flip in the Charlotte metro region.

This kind of community is designed to attract certain individuals that share the same values for the outdoors, smaller living, and a healthy community. 

I'm making a healthy downpayment cash by doing a cash out refinance on three of my established properties that I know can cover the debt service handily.

Hope everyone is staying indoors and healthy!