If it's a light doc DSCR lender for 1-10 Unit properties, they will look at monthly taxes, insurance, interest and principal payments as expenses and will not factor vacancies, PM fees, and other expenses.

Usually it's based on multiple different rating factors because the risks for a retail differ compared to an event space.Good luck

When you are running your numbers - be sure to factor in things like the fact you have to close twice - once to buy it, and once to sell it.  

I can provide some real numbers for you, would love your opinion:purchase price: $1,000,000Loan Term: 20 yrsLoan Rate: 0%Rent: $36000 annual, no rent increases over time.Other factors: * Potential to agree for tenant to pay for any maintenance fixes < $10k, landlord to pay for any > $10k* Tenant intends to stay in the condo for 15 yrsLet me know what other info would be helpful.

There are also numerous other factors that contribute to the equation as well, such as the market you're interested in or even unexpected malfunctions that you will need to be prepared for financially. 5k is a great start though.

Skills are never a factor. 

We also factor in local market trends, property condition, and management costs.

I’m a buy and hold as well but if it doesn’t make dollars…I also factor if the neighborhood is growing, is anything bringing appreciation.  

@Kevin Farrell In my location in New Hampshire it is just common for landlords to pay water, sewer, and heating if it is on oil furnace then factor these costs into the rent for multi families.

He'll need to set the heads, run the lines, hook up the lines, ensure a vacuum, pressure test, and release refrigerant, perhaps even adding some.The contractor knows he's not making a ton of money, and even though his margins aren't there because you're supplying the units, he needs to factor in you calling him and expecting warranty service if something runs afoul.