Knowing where you stand at all times means you can scale confidently and with precisionI’d love to hear from you!

First time investor, looking for cash flow.2.

This was my first time buying a property solely for an investing purpose, and Melissa Justice was the person that I was connected with to help me pick out properties.

They preach that its not about the Real Estate yet there is alot of time spent on the real estate itself.

Now you know what to look for next time.

@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.

Or start a business which would require a lot more time than owning RE.If it were me and Dallas is appreciating, I'd probably hold onto it since you've had it since 2011.

Keep in mind that all this time we were living with my parents paying them rent but saving/starving to score our next deal. 

I guess I'd like an option like that though instead of "Reject".Right now, they're just "Pending" in limbo.I'd be curious to hear others processes for handling this in PM software, even if you don't use RentRedi.I've tried to explain the situation to RentRedi support many times and they're making me want to pull out what hair I still have.Thanks in advance,Brandon

Expense ratio, as others have stated, often ends up evening out these fluctuations in each expense and can often times be a more accurate predictor over many data points.