Rough calculations on what I need to be looking for:90k deal (purchase and renovations to get max rent)20% down = 18k from me80% bank loan at 8%, 20 yr amortization = 72k-------------------------------------------------- Here's my DSCR calculation:Calculate Net Operating Income (NOI):Monthly rent: $125040% expense ratio (taxes, insurance, repairs, vacancy) = $480NOI: $1250 - $500 = $750Calculate Monthly Mortgage Payment:Loan Amount: $75,000Interest Rate: 8% per year (0.08/12 = 0.006667 monthly)Loan Term: 20 years (20 * 12 = 240 months)Monthly Payment ≈ $627.83Calculate DSCR:DSCR = NOI / Monthly Mortgage PaymentDSCR = $750 / $627.83DSCR ≈ 1.20Therefore, with a $75,000 mortgage at 8% interest over 20 years, the DSCR is approximately 1.20

Don't worry about any of his "calculations" or "reasons", in my experience judges have no time for that stuff.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

You can easily calculate the price you would pay without the exemption by looking at the gross tax bill that was just run for 2024.

There is only risk/profit exposure calculous.

Here’s what to know.State Equalized Value versus Taxable ValueBack in 1994 Michigan passed the Headlee Amendment:(http://www.legislature.mi.gov/(S(k5m2va1uyfgwtbyjf4nqb1bx))/mileg.aspx?

You can find online mortgage calculators that allow you to play around and see what happens if you do an extra payment or increase your payments.

@Bao Vu The purchase price and related expenses from 2023 should be included in the cost basis for the flip sold in 2024, reducing your taxable gain.

If you can show that someone else has paid the loan on-time for 12 consecutive months you can exclude that debt from the debt to income calculation.

Address is listed as Street Name, Lot #, Desirable City, State + ZipSomething about the plat seemed off to me and I discovered a calculation error and that it was actually 1.02 acres.