It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.

Quality, experience, knowledge, track record of sponsor2.

That is what often happens with many of these Co-GP's and gets dangerous when they are relying on their embellished track record to raise money from others.

On Furnished Finder, the incremental rent appears to be about $1.20/SF.Having a property manager to handle mid-term rentals is crucial.

On track with how 2024 is closing so have to keep the foot down on the gas.

You only need a place to track tenant information, payment history, maintenance, etc.

It was vital that the house be in close proximity to the one who knew how to do the repairs, because of the technology of our current time theoretically Id be able to monitor and track progress with a trust worthy foreman whos on the job, performing repairs, managing subs, and moving the needle.

Striking the right balance between enforcement and maintaining an inclusive, education-focused community will be crucial to its success.

Your track record is not sufficient enough to open meaningful financing doors yet.

I thought to take a look at their track record while watching their pitch fest and left.