And when their methods don’t work and you turn to your favorite guru for advice, what do they tell you?"

Having a vacancy costs money!

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

or, do you cash flow only after you've paid back your closing costs and your rent ready costs? 

A simple explanation might be that rents have increased to offset higher mortgage costs, but what about property owners who locked in rates below 4%—or even 3%?

However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

Also you should inquire with insurance agents about the cost to insure.

Once application is finished you can run credit, background and eviction report for $15 your cost, or charge tenant I think it's $35.

Here's what you need to know about qualifying and managing costs, including realtor fees and other expenses.Why Germany?

Mailing/emailing a notice to "start the clock" doesn't cost much and should be done to NOT lose time if tenant doesn't pay.