The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

It's not uncommon, and actually normal, for the operating entity to lease from the LLC that owns the building.

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

The reality is about a year ago landlords could sell their properties at a high price without actual NOI.

I just can't evict, only a Sheriff can physically evict.

I property manage STR in the cape cod so this is actually good info

I actually am working with a buyer right now that wants me to manage his house hack.  

We feel bad that he did it for free, and he deserves to be paid for his time/effort, but if we pay him, now we have to go back to our tenant several months after the door was fixed and say “actually, we got charged after all, so now we need to pass that cost along to you”.

Since you’re open to out-of-state investing, there are definitely some great opportunities out there.A few things that helped me:-Finding investor-friendly agents/property managers who actually understand rentals.

Old investors like me only invest in the subscription for pro; we don't buy courses or books (actually, I own probably 20 of their books) regularly.