I have closed on my first deal and I am now creating a pipeline of deals.

I have a 450 one bedroom apt that I rent and I created an eat-in kitchen by cutting out the top portion of a wall that divided the kitchen from the dining room to the living room and put a bar top on the remaining stem wall.  

I’ll definitely re-create the spreadsheet I am using and incorporate @Justin Fox’s info and your recommendation to run differing scenarios. 

If you create an LLC, you will need a business account. 

It seems like the living room was walled off to create the master suite.

Are you wanting to create active work?

I see how I presented the data can create confusion.

The more ways you know how to operate the higher your net income will be.Even inside the world of Airbnb, you can create 5 different modes:1) rent rooms,  2) rent rooms with kitchenettes, 3) rent rooms with dedicated bathrooms, 4) rent rooms with kitchenettes and dedicated bathrooms, 5) or rent the entire home.One of the big insights I've had is that furnishing a rental is the safety thing you can do. 

Also if this is your first time investing in multi-family, starting with one and creating your system may be something you want to think about before going Ham on purchasing. 

(Yes Brandon, I am going to watch your webinar)My mid term goal is to generate "walk away" income.My long term goal is to create a legacy of wealth for my family.