My take on this is to underwrite purchases based on expected LTR rents (I like rentometer and the BP's own rental estimator), but start charging 1.5x that rent for your MTR.

If you have a great investor agent, he'll be able to help with finding you personalized deals, helping you learn good/bad neighborhoods, estimating renovations/scope of work, setting you up with his team, etc.3.

To get the same numbers for the LT rental, I'm estimating the rents would need to be at least $2,800/mo.

i have seen that quadplex on the market for a while and yea it is definitely more than i would like to tackle right now but i think i could possibly make that SF work thank you for the recommendations  @Anthony Benoit For what it's worth, I'd estimate you'd need to negotiate the purchase price on that SF down a bit to make the numbers work in that area (BRRR or F/F).

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

Not only is their cashflow estimate fake, but it's unsellable with the surprise cap ex or tax increase.

If you'd like to, let's jump on a call to see if we'd be a good fit to work together.What would you estimate the average rent to be on one of the smaller new builds say in the high 280s a 3bd/2ba.

Hi @Briley Roe,Is this the loan estimate or initial closing disclosure? 

Ask them to do a cost estimate.