What about evictions, 3, 5 months no rent then a rental turn, call it 10k total lose, for ONE prop, again negative cash flow.

Rent by room / house hacking / co-living should deliver significantly higher cash flow than a traditional rental. 

I don't know what state you live in, but if you live in CA and own rentals anywhere, you have to have a CA LLC.

My goal is to have 3 rentals on the property. 

Thanks, Bernice One approach is to break it down by looking at similar vacant retail spaces nearby and comparing price per square foot while factoring in potential rental income once occupied.

@Christopher ReynoldsIn Colorado Long Term rentals are next to impossible unless putting 25-30% down and getting a few hundred bucks or cash flowing.

My name is Max Nelson, I am a Bay Area based Investor with a single Family home in Santa Cruz, CA that is a Short Term/Mid Term Rental and a Duplex in Bend, Oregon.

We're currently using Innago for all our rentals.

I have a rental SFR which will be placed on market on Feb. 1st. 2025 in Elk Grove, CA.

There are a lot of affordable properties in Knoxville, but the growth isn't terribly vibrant and the deman isn't what you'd expect for a city of that size and that close to the Smokies - you're mostly looking at college rentals for the meat of the move season, and the SF market, while it exists, doesn't really compare to Chattanooga.