Note that the diagram doesn't consider tax implications—that's another important factor you'll need to include in your decision.

Just factor the cost into the rent.

But that is calculated after expenses and depreciation is factored in. 

The cash on cash number is what I liked about it and I think the Capex will not be a big factor because of the Tenants already are there and have been there and want to stay for long term so vacancy was set lower.

It also matters where the home is located, and what the weather, type of tenants it attracts/has been attracting, etc. other factors are.

Ron has two GSP’s and I instantly became enamored with these beautiful, energetic dogs.

While turnkey properties are more commonly used for DSCR loans due to their immediate cash flow, fixer-upper properties can still qualify depending on a few factors. 

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

(Of course, there is a factor that higher rating will increase my booking but that is not just coming from adding one or two amenities) Besides item 5 and 6, I am not sure how much other items will attract more guests to my business.

This is what shocked me awake into the true beauty of wholesaling.