If it really goes bad you can always take something with quick loans like paydayloanstexas-tx.com and you'll have some time to get it all together and figure out what to do next.

If you want to send me some basic numbers I can probably calculate it for you pretty quick.

Thank you for your quick reply @Jathin Reddy and the info.

However, things are quickly changing due to COVID 19 and it is hard to foresee what lies ahead in the immediate market.

What they quickly discover is that virtually a single capital expenditure, a few inflated vendor invoices or a slow turn, could literally obliterate that month, quarter or year of being in the black.Likewise, PM's have to be concerned with much more than "Tenants, Toilets and Trash".

The conversation about leverage shouldn't be brushed over.Positively leveraging an asset is much different than negatively leveraging that asset.Also, you need to factor in how much leverage you have with respect to how big your reserves are.Being 52 means you're half way home, I doesn't mean you're close to retirement.... or that you need to play it safe.

@Sajeel HussainI have a free multifamily quick calc on my site - feel free to poke around.

Screening is very fast and complete - I can elect to accept CC and set the convenience fee (I do charge a tad above costs), and I find its pretty easy to reconcile a tenants payment via "serial number" or transaction ID reported to the bank with both Rentec accounting AND quickbooks - albeit Quickbooks is still manual for me (you can export from Rentec to Quickbooks via CSV... havent got that far along yet.We literally just completed several rehabs (meaning LOTS of expense), so seeing rents come in quickly and accurately is a relief for a change!

I suspect I’ll look to move again in a couple years, but do feel that we quickly outgrew what cozy had to offer.

That was the initial plan anyway and then things quickly escalated from there.