I’ve seen both approaches, but I’ve found that keeping the OTA house rules simple works best to avoid overwhelming guests.

How Seasoned Investors Calculate Net Income in ExcelNet Income in real estate investing is typically calculated as:Net Income=Gross Income−Operating Expenses−Debt ServiceNet Income=Gross Income−Operating Expenses−Debt ServiceHere’s a simple way to calculate it in Excel:Create a Spreadsheet with the following columns:Income Sources (Rent, Laundry, Parking, Other)Gross Income (Sum of all income sources)Operating Expenses (Property taxes, Insurance, Maintenance, Utilities, Property management, etc.)Net Operating Income (NOI) = Gross Income - Operating ExpensesDebt Service (Mortgage payments, Interest)Net Income = NOI - Debt ServiceUse Formulas in Excel:Total Gross Income → =SUM(B2:B5)Total Operating Expenses → =SUM(C2:C10)NOI Calculation → =B6-C11Net Income Calculation → =D6-D12Software for New Investors to Use OnlineIf you’re a new investor looking for user-friendly tools, consider:Stessa (Free) – Tracks income, expenses, and generates financial reports automatically.DealCheck – Great for analyzing rental properties, BRRRR, and multifamily deals.BiggerPockets Rental Calculator – A simple tool for quick deal analysis.PropStream – More advanced, with market research and deal analysis features.REI Hub – Accounting-focused software for rental properties.I hope this helps !

Quote from @Makani Donaldson: It is simple, but not easy.Network with other investors.

As simple as that!

I have some 2 bedrooms doing $70-80k/yr in revenue, some 4 bedrooms with pools doing $130-160k, as well as a 7 bedroom that cranks out $300k/yr. 

If I understand you correctly, this is a simple seller-carry situation.

Let me know if you'd like my info on the easements / fee simple opportunities I've taken part in, happy to give you contact info.

Make a simple spreadsheet or written list with the features of each and see which ones appeal to you most.

My question is simple and I hope some of you had some experience on that.  

No big difference either way.BTW a simple google search says appraisers do not need to see a closet to call something a bedroom.