A key component to cash flow will be loan terms..you could consider trying to incorporate a seller concession towards an interest rate buy down or costs to help improve cash on cash returns.

Don’t be afraid to “overpay”As investors, we always want the best price, but that could be to your detriment.

As well as moving from higher cap ex exposure to lower cap ex exposure.Cash flow may go down but when the other components of the IRR go up ( appreciation, depreciation, and amortization of the loan) your IRR goes to the moon and more than offsets any drop in cash flowJust make sure you stress test and can withstand any drop in cash flow.

Oh, and make sure you have Workers Comp on the guys you hire to help unload.Ahahaha, after they got done realizing what was going on I never heard another peep.....Got my first license in '83, all these years I never realized I was a hostage-taking price-gouger......Damn.

Something like damage to flooring might have been noted then.As for useful life (this is term used in California law), your PM is correct in taking the useful life of component into consideration.

All commercial mortgages have DSCR as a primary component, anything >4 units is commercial, and no one calculates personal DTI on a commercial mortgage (so calling it a "DSCR loan" is a misnomer, if I had a wonky commercial mortgage that calculated DTI and would go for an owner occ SFR, I wouldn't call it a "DTI loan," I would call it a "home loan").

Now that I'm more cognizant of the importance of asset protection, I wish my provider would do a more comprehensive job of explaining the importance of the various components of insurance.

The appreciate play is an underrated component that people who are waiting to get into the market until rates drop more may be missing out on. 

Like others have said, scheduling is the hardest component. 

So money partner lender in my mind is critical component.