Looking at your question the proper guidance will greatly vary based on the contract your current PM and you have. 

That affects your loan amount and then principal & interest payment.2) Estimate rents based on recent rental comps3) Account for all operating expenses such as property taxes, insurance, repairs & maintenance (landscaping, snow removal, cleaning etc), property management (if applicable), vacancy, utilities (what does the tenant pay vs what you would pay?)

We're based in Calgary, where there’s a lot of pre-construction happening, and we’re aiming to buy a pre-con property as our primary residence.As a first-time homebuyer, I’m weighing two options: 1.

We use Pricelabs dynamic pricing and our base prices are set a year in advance for each month. 

Some agents will not take less than 3% no matter what, others will adjust based on the deal. 

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

Being based in Austin, you’re in one of the most dynamic markets out there, which gives you a fantastic foundation to build on!

The BRRRR strategy can also help build your capital base without significant upfront costs.

I did a ton of work to set it up and have had to manually adjust the base price almost daily because it was so out of wack.