The other consideration for non-Dutch draws is if you came across an oh-$hit in the project that wasn’t budgeted for.

Make sure you factor this into your ARV (it will be considerably lower) and don't move forward unless you have a plan for mitigating the issue (or are happy selling far below market value).

Or would you just rent it out between 0.8% and 1.1% ($1800-$2500), taking into consideration the surrounding areas rent, making sure it turns a positive cash flow?

Hey @Patrick Murray, so you didn't know the codes regarding this sort of unit before you pulled the trigger?

I suppose on some massive apartments it might be a different consideration, but even then I would not build any systems to calculate the interest mid month for purposes of determining equity/net worth. 

@Engelo RumoraI have evaluated multifamily deals but never pulled the trigger, When i see sponsors paying themselves 600k from the raising because they vetted tens of deals makes me squirm.

If you meet the holding period you will only pay LTCG (long-term capital gains) on any growth.RSUs - A bit simpler, when your RSU shares vest they will move into your brokerage account and that will trigger income tax on the value of the shares. 

You'll find the bar has been raised considerably, especially since more and more STR hosts have pivoted to the MTR space with their properties.

I think the biggest thing I learned from this is not to pull the trigger too fast on buying a house.

Investigate conventional finance, FHA loans, and other programs that can be in line with your objectives.Through networking, word-of-mouth, or direct communication with property owners, take into consideration investigating off-market options.