Does the cost per sqft account for electric and plumbing? 

How much should an architect cost me for a 1300sqft design?

With the COVID-era surge in home prices, rapid increases in mortgage rates, and rents not keeping pace, it really has gotten harder to make these deals work.

We’re considering whether to do mid-grade updates and rent it soon if we can find a good next property though acquisition and ongoing costs are a problem.

Note that Sec8 comes with added costs & issues due to bureaucracy and state of the HUD departments in the area.

.🔹 Example in Action:Rental income: $9,000PITI: $9,500 → DSCR <1 (not qualifying)Using $63,000 in assets → Adds $1,045 in incomeNew DSCR >1 → Higher LTV (80% instead of 75%)🔹 Why This Matters:✅ Helps investors qualify for better financing✅ Increases borrowing power and flexibility✅ Allows you to scale your portfolio fasterUnderstanding financing tools like this can be a game-changer for investors looking to maximize opportunities.

I tend to say no to the wind, but look at costs vs coverage and the language used.Best of luck!

Banks and credit unions might have lower-cost options, but they'll likely require more equity.

Part one is the lowest cost to the REI. 

There may some merits to investing upstate/western NY, but I would suggest doing some serious homework into eviction timelines, annual rent % increases, etc.