Ensure your projected cash flow covers expenses, including higher insurance and management fees.If you have anymore questions, shoot me a DM or email!

While these technically exist, these are typically difficult to execute and are very expensive.

@Dana Boyd our water is paid through the HOA where the cabin is located.

This type of financing is more expensive and harder to get then 1-4 unit.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

High property taxes often signal inefficient and expensive state and city governments.Zeina, if you focus on selecting a city based on your financial goals instead of the opinion of others, you should do okay.

I obviously want to get the best tax benefits and write off the expenses for the house and repairs I have done.

Propane is seemingly less expensive in most areas and provides good heat.

NOI Underwriting Methodology: NRI and EGI, real estate taxes, operating expense underwriting rules of thumb, replacement reserves, appraiser’s impact on lender underwriting, expense comps, etc.10. 

@Tyler Munroe My project is located in Newton, one of the most expensive areas of Boston.