That is also common to the BRRR approach, except that all the initial investment can be recouped as soon as the rehab is done (if using a lender with no seasoning period, such as I use).When you talk about being at the mercy of comps, I take it you feel that comps may fluctuate more than MFH NOI.

It's very seasonal and therefore our income fluctuates and we own the properties within a LP so it's not so easy to say what our "cashflow" is.

It fluctuates pending on how aggressive I want to be.

I struggled to get lending because of a lower credit score and some recent fluctuation in employment.

Theres one in the post called dynamic pricing that fluctuates your prices based on seasons, local events, etc.  

Usually not a salaried position but multiple hourly retail jobs that fluctuate in hours or multiple people in the house contributing to equal the rent payment.

Another reason is market fluctuations.

We have also encountered lenders who would count the debt of a commercial mortgage against us when applying for residential financing, but not allow a percentage of rents from that commercial property to be included in income.Once you arrive in the region of 10 mortgages, they all have ridiculous capital reserve requirements:  CIBC wanted us to have $1-million in liquid assets when looking for a mortgage of ~$100K (at the time of purchase).The Big-5's internal guidelines fluctuate over time to fit their portfolio composition requirements - sometimes they are hungry/open to place mortgages on rental properties, sometimes they are reluctant - which is why you need to keep a rapport with several of them ... or use a mortgage broker.

After that, the insurance rates do not fluctuate much from there, so if larger, or has additional liabilities, add some padding for those liabilities.

There's definitely a reason...Do your due diligence on areas, they can fluctuate tremendously.