Ensure that the new DSCR is higher than 1 and ideally improves your financial position compared to your current DSCR.7.

That's not ideal but it's manageable with travel nurses and other MTR tenants we'll be targetting.Thanks for the data @Eric Fernwood.

Credit scores are a reflection of someone's ability to learning and understanding the rules of the game and haveing the discipline to play by them.If you already have good credit, already pay everything on time (autopay), then increaseing your limits will probably help you the most, because it gets your utilization down, ideally under 10%.Higher hanging fruits are average credit and account age (just have to wait for that I guess) and inquiries, which are sometimes unavoidable as real estate investors.  

Hi all,I have a few long-term rentals and am exploring a STR for the first time, and am seeking guidance / advice on my expected expenses (and ideally what i'm missing that i should factor into my calculations).

Ideally doing some value-add improvements during that 1yr. 

Ideally, you'd want to avoid the properties that are overpriced and there are many in my humble opinion.I would never trust the ROI calculations from the developers, as they are meant to sell their condos.

Was hoping to find a lender that has experience working with FHA loans in multifamily, ideally in Norther Idaho (Coeur D’Alene).

They are like a co living situation, specifically ideal for college students.

Diane could not let that one go by AS @Glenn Paulson states  its a tough job.. and nothing could be further from the truth that a PM in a low value asset environment just sits back and does nothing.. there is nothing more difficult to manage in real estate than low value assets.Now take SF property with high wage earners that have their rent ACH into your account each month live as neat and clean as you do.. then I can kind of agree.. but not low end houses.. no way no how.There is over head to a management company .. its not all net profit.Also Glenn with these type of rentals if you have never been in them.. asking how its doing in the first 6 months is a waste of time.. you need to check in year 2 and 3 once the honeymoon is over and a few  turn overs have happen maintenance then you can get a feel for the true numbers..

@Sam Huang With $200K annual savings, a 50:50 split between real estate and stocks is ideal to reach your $10K/month cash flow goal in 15 years.