The proper method of calculating cash flow is all expenses, to include setting aside reserves for maintenance, capital expenditures, vacancy, etc.

Finding a Cash-Flow Property in some market can be very challenging, below I gave a quick highlight of my top 10 methods to find your first or next rental property.1.

WITH that skill, well it will be obvious a PM has that skill set because they will never present you a problem without also having solutions or suggested solutions right along with it, because they don't fear the conflict and solve problems almost compulsively.  

We will probably implement the BRRRR method as well as just flip a few houses.

You may not own property this way but it may solve your issue of having your relative and yourself into a 2 bedroom while coming out of pocket for not too much more than you currently do on a monthly basis.

You've been doing this a long time, and clearly your methods are working, so I'm sure that if it's not broken, why fix it?

That way you can see if the park can even be solved and made profitable before you close on it.

One of the issues I'm finding in terms of numbers with the BRRRR method is the refinancing part.

@Lina Choi asset type would be helpful, but use some different methods - define the competitive set / ie what are similar properties listed for.

If not, try the cash for keys method.