Even though you are buying new, I would still account for vacancy, maintenance, and cap-ex when calculating cash-flow.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

However, two oversights have affected my calculations: (Both dumb mistakes I can only blame myself for)Higher-than-expected property taxes and municipal fees in University Heights compared to Cleveland proper.Overly optimistic rental income estimates.After adjusting for these factors, including property management costs and other expenses, the revised cash-on-cash return is about $12,000 annually, slightly over 5%.

I'm pretty sure we can use the HAP in calculating the DSCR of your loan.

@Luke MasaschiLike above advice, unfortunately, there's no calculation that says X amenity in an STR equals Y price increase. 

Even if you default, the return to a lender is easily calculated using the loan terms usually defined in the note.

Let the lender tell you what they come up with and check it against the redfin calculator.

While you save, home prices could continue increasing too.There's always opportunity cost with buying today or waiting but I recommend doing what's best for you.Yeah I want to get in ASAP (as long as it’s financially possible of course lol), I’ll explore my options and go from there if my calculation will be beneficial 😅 

After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.

Determine the Amount of NOL: Calculate the amount of the NOL generated in 2021.