Less stories from low income garbage.

Our local garbage service offers "in yard pickup" for an additional fee.

When @Tom Sharkey and I first started our STRs, we would collect the weekly garbage and take it out on 'trash days' to be picked up.

@John Thedford, you need to calm down and stop spewing your garbage in every forum.

I do like the RE calculations that they have set...but garbage in...garbage out...so it all depends on the data that get's fed into the system. 

I would look at 2017-2019 and use those years to compare and throw 2020-2022 in the garbage as those years are artificially inflated

Microwaves, washers, dryers, and garbage disposals are always optional.

And IMHO, currently in Austin you can't cash flow on a long-term SFH rental without putting 30-40% down payment (or finding properties well under FMV, that even after rehab will still be 20% under ARV, plus what you have to leave as DP for the mortgage, again an effective 30-40% DP - and if you are not able to find them and BRRRR, and have to pay that 30-40%, your cash on cash ROI will be under 2% similar with just leaving the money risk free in a saving account).Here is what I account as expenses for a correct calculation of cash flow:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance (0.3-0.45%)   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances   e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

Wear gloves to keep your hands dry and so you can grip the trash.Dispose of trash in garbage bags as you would household trash.

The property needs to be acceptable, safe and in working condition but you probably don't need new cabinets, counters and flooring unless what you have is garbage.