Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.

Here’s how we handle applications:Income Verification: We require proof of income that’s at least three times the monthly rent, verified through six recent pay stubs and a detailed employment verification process.

They all seem to be fascinated by, and inexperienced and unknowledgeable about the concept of compound interest.  

Next, it's onto the How, When, Where's and What's, details.

While I’m happy to discuss general strategies and best practices, I won’t be sharing additional details about the property’s exact location, nearby city, or financials at this time.

Small details like a handrail on stairs or window locks can cause your unit to fail an inspection, delaying the start of rent payments.

My current occupancy rate is around 40%.Property Details:1,400 sq. ft. single-family home (3 bed, 2.5 bath)Weekend bookings are more frequent, with limited weekday staysWeekend rates: $150–$250/nightWeekday rates: $80–$100/nightAirbnb Listing: https://www.airbnb.com/h/vip-houstonWhat I've Done So Far:Created a brand-new Airbnb and booking.com listings to eliminate bad reviews from Airbnb and Booking.comHired a reliable cleaner ($150 per cleaning)Manually update pricing often on Airbnb (tried Pricelabs once and gave up when nothing improved within the month)Change my cover photo at least once a week or soListed the property on Airbnb, Vrbo, Booking.com, furnished finder, Zillow, and Facebook marketplaceScheduled handyman visits every six weeks for minor repairs and paint touch-upsI'd appreciate any feedback on the steps I've taken and suggestions on improving my listing and overall performance.

But balance is key—keeping some cash reserves for unexpected expenses is critical.Lastly, I’d recommend running detailed numbers to ensure the property cash flows well, even with conservative estimates.

The operating agreement should further expound upon the relationship details between Monday and RSN.  

Here's a bit more in detail about how rates are calculated for DSCR loans:1.