Your starting rent is $2,000 per month, and your expenses remain steady at $1,700 per month.

-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate? 

I want to share an experience ive had over the past few months with my newest multifamily purchase, and highlight the importance of being consistent, telling everybody what you do, and what you are looking for even when you dont feel ready.

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

A $1700-2000/month rent doesn't get you cash-flow on a fully leverages (after refi) $240k property. 3.

I should add I think it’ll cash flow only 850 a month after vacancy and reserves and expenses.

Most DSCR programs will not touch you if you have a mortgage late in the past twelve months. 

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

I just moved a kid out last month after just five months in the rental because he was problematic.

We use Pricelabs dynamic pricing and our base prices are set a year in advance for each month.