Asking in the correct forum will get a better response.Read the RULES!

A bookkeeper can also work hand-in-hand with your CPA to ensure everything is recorded correctly, making tax time much smoother.My personal belief is to get referrals for CPA recommendations—word of mouth is often the best way to find someone solid.

So after 5 months you:a. taken a LOC of $10k but repaid it with $8k of cash and $2k of the invested money.SO AT THAT STAGE: You are $8,000 out of pocket - Correct?

@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

Initially, I'm thinking you are correct that increasing the occupancy won't affect the nightly rate that much.

Hey @Juan MendozaThe posters who are saying that the building code does not require a closet for a room to be considered a bedroom are correct.

You will have to verify those yourselves to ensure you end up with correct operating expenses.Quote from @Andrew Newcomb: Just following up on this in case anyone is still following:I learned about "cap rate" and "cash on cash" metrics in the BP learning articles and watched a couple vids on the BP rental calculator showing how it calcs those metrics for a prop (you have to add the details like loan info, expenses, etc). very cool tool.

If it is let me know and ill repost correctly. 

I had to look up what "variance analysis" meant.If I understand the question correctly, you're asking "What went wrong to not hit our 20% target?"

@Roi Azoulay I think you are absolutely correct in this.