Make sure to factor in insurance (slight change as rental), property tax (in our market is 2x a primary res), vacancy (3-5% in most markets), capex (old roof?)

@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I’m eager to grow my rental portfolio and take this entrepreneurial journey to the next level!

My Expensive Lesson)My first rental with REI Nation turned into an absolute money pit.

The rental income at purchase was $8400/mo. 

I would recommend what is your plan and strategies too on the rental.

I am in the process of getting my Michigan Builders License and I currently own 4 small rental properties.

For multifamily, target markets with strong rental demand, value-add opportunities, and creative financing options like seller financing or private capital.

High rental demand (Section 8 too).

High rental demand (Section 8 too).