I could add the "rent credit" on top of the market rent, but then that's a $400-$600/month premium on top of the rent that's supposed to go towards the purchase price.

Hi Carolyn, We just helped an investor in the MA area this month on an STR purchase transaction.  

What would your response be to justify the purchase and renovations? 

Figure out a way to do both before determining which way you want to go.

Did you purchase the training? 

My company purchased an 11-unit multi in January. 

We waited 3 weeks for a condenser motor and finally got them to give us permission to local purchase it - which could have been done on day with a local contractir.  

I probably need to look for a less demanding W2 so I can enjoy the next ~5 years and have a little more time to devote to RE to determine if it's right for us, while still making a good income in case it's not.

First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find some advice on the financial aspect of the purchase, here's my scenario;Currently going through pre-approval with the builder and I do have liquid assets enough to cover the downpayment for the property (40k) but I do have a car note (41k, 800 monthly, extra 500 to principal monthly) and a Patio upgrade (25k no interest till March 2025).

To me it looks like this excel sheet isn't auto calculating your cap rate either given that you changed the number for rent and it's still showing as 9.3% your cap rate is the net operating income divided by purchase price.