Multiply that by your occupancy rate and you'll get your monthly revenue.

Where is gets really confusing is when there are "mill" points/rates, which can have multipliers and extra assessments for non-owner occupied properties.

Real estate investing is a slow road, so do things right from the beginning to avoid the problems snowballing into an avalanche.

So basically, whatever your ordinary income is taxed at...add on the gain from the sale of this property, multiply it by that same amount, and that's how much you'll pay in tax. 

I have had the power of investment momentum pushing me to quickly multiply my portfolio (quick for me, relatively normal acceleration), went from 1 STR 2 years ago, to 3 units last month now close to units 4-7 hopefully in the next month or two.

Started with 1 market, but have expanded to ~5 to multiply my luck in these smaller markets with less deal flow2) spoke to handful of agents in those markets to learn more, and chose 1 agent I liked the most (was looking for someone who knew STRs, could do video tours, was responsive, and had a good network of contractors, etc).

Take that and multiply by the square footage.

Tristan YangTristan,I think your plan sounds very doable, although BRRR ing multifamily properties can be tricky since the numbers add up so quickly when you multiply everything by 2-4.As Michael said, North City is not for beginners.

The difference in tank size is how much less you pay per flush multiplied by the amount of  toilets. depending on how many units and the difference in tank size, it can have a major impact in noi and the value of the property on paper. keep in mind the cost of labor and materials. 

If you put up 20%, you just bought a property that's worth 5 times what you paid for it...and, the rest of the cash you didn't spend should buy you additional property (or more) as DP's that will add more cash flow than you subtracted in the first property with the mortgage payment, and more property value than you would have with just one property.Now, take the total PV buying all cash, and compare that to buying more than one property using only DP's, and multiply those totals times whatever the appreciation (%) would be.