I flip and the WORST I’ve ever done is the one I’m working on now.  

My most recent mistake was to "Not view the property as a business" but as a home I just wanted to be lived in. 1st/upstairs couple were great, no issues, paid rent on-time.

View report*This link comes directly from our calculators, based on information input by the member who posted.Just wondering if someone has time to take a look and let me know if I made any mistakes.

I know this doesn't help you, but this is one of the worst side effect of letting late-payers stretch out the late-paying.You could try a frank conversation about how things need to change, how you need that rent on time.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

I have briefly read about DSCR loans, which I imagine could be a fall back plan, worst case?

As long as you buy a property in a "good" location, all but the worst mistakes will be corrected over time through appreciation and rent increases.

Mike, banks usually have to consider the worst case scenario.

I was wondering if I am making mistakes in my calculations or I should adjust my expectations.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.