A new landlord that buys a property where the rent barely covers the mortgage payment and the most basic expenses ends up in a cash crunch.

We bought new 6 years ago and everything is still basically in new condition.I'm also under no time crunch.

Hi,I'm just starting out, starting to crunch numbers looking for a deal.

I would just ensure that you crunch every figure possible and call providers about monthly outgoings, don't take the sellers word on that.

It will take time to get there as we have to crunch old data (which is time consuming) with data moving forward to come up with a good snap shot.  

I'd like to be optimistic and say that we will see a buyers market this year - so absolutely still be crunching numbers and keeping your contacts close so you can be prepared to jump on what may be some great opportunities in the next year.Best of luck to you!!

From crunching our numbers with 5 different mentors/friends, it was clear - this was going to be a cash flowing machine. 

I'm getting a bit stuck on the number crunching though, and thought I'd see what you all are doing in regards to percentage of gross rental income being set aside for maintenance, cap-ex, management and vacancy?

You have to make a call what's your time worth as BRRRR is active and involving vs TK which could be complete hands off with all the ducks aligned by the TK provider. you just have to collect rent from day of closing...If someone is newbie and have some time crunch but have cash to spend for DP, I would recommend going TK route to get some landlord experience (it's not completely passive as masses think), then slowly build a network, working relationship with that provider and other key people in the target market and then plunge into BRRRR side. 

The numbers are crunched without the barn rented out.