Your denominator is $25,000 (down payment, closing costs and repairs upon acquisition)You numerator is rent less the remaining expenses ($1,400 - $963) = $437 x 12 = $5,244 I would adjust vacancy and capex to about $250 (from $160) so $347 x 12 = $4,164.Is this a SFR?

I have numerous properties, and selling any one of them would not net me $400k in profits/capital gains.

But it is making the hair on the back of my neck stand up.The loan payment is really soft at 3.75% over 30 years, but it has a lot of provisions whereby I can't:- use the loan proceeds except for "working capital,"- can't distribute assets or make loans to myself or to any other company I have an interest in,- have to keep detailed records on use of loan proceeds and all other income and expenses, and- many other onerous provisions.Then it has civil and criminal penalties if I violate any of the numerous "hard to understand, let alone follow" loan provisions throughout the document.Please see the actual promissory note and loan authorization packet attached here and please let me know what you guys think about this:https://www.dropbox.com/s/0p7iwe68c1f4qd6/SBA%20EIDL%20Disaster%20loan%20Promissory%20note%20and%20loan%20authorization.pdf?

I wanted to get my feet wet in real estate investing so I began looking for properties I could house hack.How did you find this deal and how did you negotiate it?

However, my husband and I are new in investing and we wanted to start by getting our feet wet.

However, in the short term there have been numerous depreciation cycles.  

The numerous addresses and living with family does not sit well with me for sure.  

@Kunal LakhwaniWe've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets.

Hello everyone, my name is Jose Rodriguez. I’ve been playing with the idea of getting into real estate for a few years. Here’s the thing, I don’t have any proof of income for the past 2 years and my credit sucks. I ha...

Hi @John Warren and @Darren McGillvrey : Thank you for sharing your experiences.Yes, the property being in Portland is subject to wet weather.