If you feel like you have a good location with good amenities at a good price, don't lower your tenant standards just because you have a vacancy coming up.

With $50k in a CHEAP market that is still possible although increasingly difficult, but with successful BRRRRS, each iteration could see a modest boost in capital along with cash-flow going towards future purchases.

Good for you - exciting path for increased cash flow!

This perspective is quite common in the MF sector, especially where sales comparisons are largely based on the asset's condition and financial performance (NOI which leads to a cap rate).When comparing two properties with similar capital expenditure needs, the industry standard is to evaluate them based on a cap rate.

This will result in either an increase in net income or a reduction in net loss by $136,869 on the 2023 income tax return.

There isn't a standard document for this.

This is a house that has additional square ft added on, so they listed that as the reason for marking the question as positive, as new foundation and support was added for the additional sqft.My question is: Is it a standard practice to check this box as "yes" in the disclosure when additional square feet has been added on to the property?

Increase your income, reduce your expenses, save like a madman, educate yourself, and invest from a position of strength.1.

It'll make landlords increase their minimum standards and become more picky with selecting tenants.

However, rents keep increasing and, assuming you get fixed rate loan, your p&i is fixed.