We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

The one place that still imo offers a good combo of being nice, being affordable and having a little upside left imo is the eastern shore of Md, I just bought a flip down there (though it’s pretty hard if not impossible to find great value add even there) but it’s affordable, growing (a lot of people coming from dc, New York, Philly area.) but still not really a big enough market that any major operators are out there yet. 

On top of the fact that I already have a business plan showing that income from the other ag operations cover the annual payments? 

Partner Driven financed the N Backer Avenue deal using internal capital, which allowed for a seamless purchase process.

You should have a shell operations LLC that is doing that, with a contract with the asset holding entity. 4.

Partner Driven financed the Grapevine Dr deal by utilizing internal capital, ensuring a swift and seamless transaction.

The total build is about 2,060 sq ft.We'll operate it as a STR and probably do $4,000 - $5,000/mo in rents and then have the flexibility to block it off for friends and family when they visit.I will say the process has taken longer than hoped.

This is mostly so I can seamlessly stay legally compliant.

Considering that DSCR  = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated?  

I have a great management team ready to come in and operate this place the way it should be.