![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3094209/small_1722989218-avatar-ronitl.jpg?twic=v1/output=image&v=2)
26 January 2025 | 13 replies
Question for: @Andrew SteffensDid you find it challenging to switch PMS systems?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3141216/small_1730406474-avatar-kennethz9.jpg?twic=v1/output=image&v=2)
30 January 2025 | 1 reply
This does pose a challenge since that real estate is a lot more expensive than if you go more west and south.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1909406/small_1701041679-avatar-jonathans599.jpg?twic=v1/output=image&v=2)
7 February 2025 | 5 replies
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2341226/small_1694556334-avatar-austinr188.jpg?twic=v1/output=image&v=2)
10 February 2025 | 5 replies
I think in the private money space especially, @Jay Hinrichs approach is super important.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1476574/small_1739043898-avatar-kbyrd15.jpg?twic=v1/output=image&v=2)
8 February 2025 | 2 replies
My preferred options are:1. house-hack with a duplex under ARV; live in one unit => renovate => rent the other unit2. buy a SFH under ARV that could be converted into a duplex (preferably adjacent units vs top/bottom) - I'm assuming the biggest challenge with this strategy would be separating the infrastructure for utilities; and costly.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3170099/small_1736965945-avatar-martinp132.jpg?twic=v1/output=image&v=2)
28 January 2025 | 9 replies
We own our house in Seattle and are trying to determine the best strategy for our move - what approach would net us the most money over the next 1-3 years.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3168257/small_1736634523-avatar-linat14.jpg?twic=v1/output=image&v=2)
9 February 2025 | 33 replies
So I thought about directly approaching human resources of the largest employers directly in the area, hospital in particular.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3128239/small_1727884473-avatar-rileyp60.jpg?twic=v1/output=image&v=2)
22 January 2025 | 2 replies
Based on the numbers seems like it was a straight forward conventional loan...any challenges?