However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Here security deposit and most of the first month's rent are supposed to be paid by NJ Victims of Crimes.Fast forward now:- she did not pay her rent of January.

One other thing that people in their 60s can consider is - if you are planning on taking Social Security and making passive income part of what you live on, rental income may not count as income against your Social Security benefits.

It's calculated as the ratio of your total loan amount (loan amount for purchase + loan amount for your rehab) to your total costs (purchase price + rehab budget). 95% is a good target.Avoid application and other upfront/junk fees. 

I put in total $70K and it's worth $100K now.

Thank you @Jimmy Lieu, I totally agree Columbus is a fantastic market, and that's why we grew our portfolio there and are still growing it!

Renter's Insurance is a cheap date for the tenant; it protects their security deposit and assets. 

End to end, I bought the land, secured permits, got the PPA and IA, SUP, and still own the project.

As of 2 hours ago (1:00pm PST), there were a total of 7 fires:Pacific Palisades: over 27,000 acres burned, contained 11%Eaton Fire: over 14,000 acres burned, above Altadena, 27% containedHurst Fire: 800 acres, San Fernando Valley, 89% containedThese fires are contained:Lidia Fire: in Antelope Valley north of LAKenneth Fire: west San Fernando Valley, they suspect this one to be arson, suspect arrested (saw on one news report)Sunset Fire: Runyon Canyon near Hollywood HillsWoodley Fire: in Sepulveda Basin and San Fernando Valley @Becca F.: Any idea how far south the potential for Santa Ana or similar winds goes?