@Bailey RentzStessa is an excellent platform for tracking income and expenses for investors; it is user-friendly.

I work mostly with bank & credit unions lenders, who tend to be much more conservative, and most of them use a 35% operating expense margin.Also, the operating expense is calculated off the EGI (Effective Gross Income), which is the Gross Rent x the Occupancy Rate (i.e.

If so, and you can find time to start a side hustle that can generate some income (even if $100), you can rollover your pre-tax IRAs/401k into a self directed 401k.

@Kaleb JohnsonRecommend 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?

Loopnet has some comp information, but requires a paid (and not cheap) account to see it.Commercial properties are generally valued based on income, not comps per se. 

If you are a doctor with proven income or a contract, the bank makes incredible deals that they wouldn't make for me. 

In order to execute on any of the strategies from #2, you will want to a work/income history and decent credit scores.

Hard money lenders focus more on the property’s value rather than your personal debt to income ratio (which traditional banks use) allowing for quicker approval and funding.

It can still qualify if it's a fixer-upper, as long as the rental income from the property can cover the debt service.

•Incoming Market Changes & Local News: Keep an eye on city regulations, new developments, and economic shifts that could impact STR demand.