I only operate 1 house I bought this year, but I'm eager to stand out in the competition.

Investment Info:

Industrial commercial investment investment.

Purchase price: $110,000

Cash invested: $2,000,000

399 Helmericks Ave includes 3 warehouse/shops totaling 60,000 sq.ft. and office space ...

How do you plan to operate it?

The spouses own and operate the trade or business as co-owners (and not in the name of a state law entity such as an LLC or LLP),.."

STRs, including 2 of mine existed before AirBnB.  

For instance, a friend of mine transitioned into the BTR market in Austin, Texas, after noticing consistent rental growth.

If you want the furniture, just negotiate that and put it in the contract.Could you lease it from them for those 3 months and operate under their permit till yours is available?

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

What I love about Baselane is that it was built BY real estate investors FOR real estate investors so it's really dialed in to what you're going to need in order to prepare your taxes, keep your books up to date and the more operational aspects of being an REI like tenant vetting and processing rent payments.

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.