If not, re-check everything - listing, photos, rates, booking policies, etc.Often, newbies have rates that are too high and/or booking policies that are far too onerous.

Quote from @Anthony Dupre: @Chris Seveney Would you mind sharing a high-level overview of the structure your billionaire friends have set up?

I would highly recommend you create a Market Report in PriceLabs to see how similar properties nearby are actually performing.

@Gregory SchwartzIf you're not worried about Property Management tracking, and more so looking to keep tabs on your personal/business progress, I highly recommend Monday.com. 

Yields in Kansas City are very high.

More importantly, get the high interest rate debt paid off first.

Looking for a high LTV DSCR option given this property should reasonably be priced nearer to or upwards of $425k given the cash flow its generating.

I believe $1200 spread over 12 months for painting 2 rooms is a little high (i just paid $4k for painter to texture walls and paint (prime and paint) walls and ceilings in 1350’ unit), but not as outrageously high as some posts imply. 

I just don't want to be stuck with a high APR or MIP later down the line.

Quote from @David Martoyan: You will always have a high amount of competition for real estate and real estate investors.