My suggestion is to build a spreadsheet and include the net cash flow to you for every month of the deal, then use the IRR function to figure out your return. 

Feel free to reach out any time.

We have lots of interest and showings, so we feel our rental rate is right at market.

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home I do want to also add that my banker who is the VP of lending and branch manager has been banking me for 30 years..WE have been through all he ups and downs including the GFC were I got almost totally wiped out financially..

For me, that includes late fees, the cost of the eviction filing, etc.

Quote from @Serena Lemmons: Hi All, I have been researching real estate investing for a while and feel like the next step is to meet some investors in the area that I can learn from.

While it can feel like a hassle, these inspections help prevent bigger (and costlier) problems down the line.

We currently own 13 rental properties and have paid off all loans/mortgages including our primary residence. 

Amortize your major repairs (roof, hvac, built in appliances) and add an estimate for small maintenance.This feels not terrible to me.

However, financial freedom isn’t a one-time event; it’s about sustaining your desired lifestyle for the rest of your life.Once you have your goals, the next decision is where to invest.Investment Market/CityThe investment city determines all long-term income characteristics, including whether rents rise fast enough to outpace inflation and how long your income will last.Understanding inflation: It takes more dollars to buy the same goods every time you go to the store.