I would rather focus on the details of the credit report (such as collections and delinquencies and nature of those issues).)

My understanding is that assuming that one has no debt other than the mortgage for the first househack, it is calculated as(PITI1 + PITI2) / (Monthly Paycheck + 0.75*Rent1 + 0.75*Rent2)Rent1 is the total rent collected from the first property assuming that you have moved out and have fully rented it, and Rent2 is the rent collected from the other units in the new multi-family property that you want to buy.Is this correct?

They may collect enough extra ent to pay for themselves and give you a better selection of tenants.

Remember, how old you are doesn't matter – with smart planning, learning, and smart choices, you can build up a real estate collection that makes money and fits what you want in life.Good luck!

I want 30 houses paid off and collect that check.

However, the rental income you collect should ideally cover these expenses and provide a positive cash flow.Distressed Sellers and Repairs:It's true that distressed properties might require more repairs initially.

(For months when the tenant moves in after the first of the month, it's best practice to collect an entire month's rent and pro-rate the second month.)What's done is done with this tenant.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

@Richard Hoyte you mean you are doubting that "tik toky" video you saw where you just sit back and collect mailbox money?