Living in the property during the renovation not only saves me on living expenses but also allows me to intimately understand its potential.

Other than Mashvisor, are there any other tools that can automatically filter out any new MLS listing based on my criteria (e.g rent avg, cap rate, expense)?

(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.

Water in this market is very expensive.  

Housing in the NYC area is obviously more expensive and will likely require a larger down payment.Thanks

I'm clean, so I don't want to have to pay for that expense, which does get passed through.

Mobile homes can be more difficult to do a reno also JUST as expensive for a 1996 home.

Your adjusted returns would be higher because you're saving $700/month on your housing expense.

Andrew,I did wonder that question, if two less expensive houses will bring more in vs 1 big one.

QuickBooksQuickBooks can be a good option for tracking the financial aspects of your deals, such as downpayment, funding sources, mortgage details, and cash flow.Pros:Widely used, with robust reporting features.Can track both income and expenses, making it easier to manage the financial health of your properties.Offers integrations with banks and lending institutions for easier transaction tracking.Cons:There might be a learning curve if you're not familiar with accounting software.May require customization or additional apps to track all the specific real estate details you mentioned.3.