@Sean Gammons rising property values & mortgage rates have ended the "easy days" where you could buy anything and rent for cashflow.You're going to have to look harder or go into riskier investments.Prior to the crash of 2008, seasoned investors would look at 100 properties, bid on 10, to hopefully get one deal accepted that met their ROI and CoC requirements.

For context, my rent will just cover my PITI for my primary, nothing more--interest rate is 6.3% on a 300k home (so side question, are other people also just getting PITI covered by rent in North Dallas single-family homes, or am I just bad at this??

Loss of foot traffic from Hybrid Work and California's decreasing population in certain areas.These rising costs are not unique to Rubio's Restaurant nor any other type of retail business.

/ $1000Utilities / $300 mo.Supplies / $60 mo.Lawn Mowers / $200 mo.Total monthly cost$1600-1700Target nightly rate starting out: $140Cleaning Fee: $50Avg. occupancy rate for my area: 46% (This could be inaccurate)Projection: $1932 (@ 46% occupancy) + 300 (cleaning fee @ 6 stays) = $2232 - $67 (3% booking fee) Monthly Revenue:$2165NOI: ~$500/moSo if you have a lower-end home in a smaller town here are the numbers I'm interested in:Total Revenue for 2023 and YTDOccupancy RateApprox.

That makes your next purchase less risky due to higher reserves and the ability to earn interest on your cash if you put it in an interest bearing account until you need to use it which will counter the mortgage rate being higher.You will also get a lower payment on a 30 year refinance versus a shot term line of credit usually around 10-15 years on a 9-12% rate versus a 6.75% to 7% with good credit.

We own our home with a pretty low rate from 2020 and also put around $800/month towards my mom's apartment rent. 

For the first four properties that I purchased, the loan officers sent me "initial disclosures" which clearly stated the interest rate expected closing, expected monthly payment etc. 

Taxes should be in the underwriting but at the same time, the percentage charged by the local city/county/state should be baked into the nightly rate. 

Basically an informal audit of ones portfolio.This could be as simple as creating a few benchmarks (specific ratio of expenses, total PM fee ratios, vacancy rates and duration,etc)As much as one could assume they have a well oiled portfolio, an outside investor could find areas of improvement.

Price - $299,000Preferred Lender rate - 4.75% on a 10/6 armRent per unit - $2,000 +/-3bed | 2bath 1,500 sq feetFinancials - 25% down, 4.75% rate, monthly cash flow roughly $200Builder warranty included.