You're way ahead of the game! 

It varies a lot and depends on the vintage of the property and your tenant base. 

Do you have a particular system or software that’s been a game-changer for you?

What’s your game plan for managing the park — hands-on or hiring a property manager?  

A great REALTOR will help you gather rental history and the cost to own and show you good sites for pulling rental projections, but you will need to do your own calculations.Everyone's mileage varies.

A simulator/game could really help with that.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Your story proves that being in the game creates opportunities you can’t plan for.

Hey community,
I am looking into investing in my home town of Cincinnati.  I am currently trying to break my analysis paralysis.  Besides reading and listening to podcasts, my wife and I attend a local real estate in...

@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.