Rough calculations on what I need to be looking for:90k deal (purchase and renovations to get max rent)20% down = 18k from me80% bank loan at 8%, 20 yr amortization = 72k-------------------------------------------------- Here's my DSCR calculation:Calculate Net Operating Income (NOI):Monthly rent: $125040% expense ratio (taxes, insurance, repairs, vacancy) = $480NOI: $1250 - $500 = $750Calculate Monthly Mortgage Payment:Loan Amount: $75,000Interest Rate: 8% per year (0.08/12 = 0.006667 monthly)Loan Term: 20 years (20 * 12 = 240 months)Monthly Payment ≈ $627.83Calculate DSCR:DSCR = NOI / Monthly Mortgage PaymentDSCR = $750 / $627.83DSCR ≈ 1.20Therefore, with a $75,000 mortgage at 8% interest over 20 years, the DSCR is approximately 1.20

Once my Oregon Project is done end of this year Move base of operation and personal residence to my home in Vegas .

Functionally, it operates as a 2-story home since the downstairs area has multiple windows in each room and plenty of natural light.

Remember that disclosure laws vary greatly by state, with roughly 50% of states operating under Caveat Emptor...which means no disclosure at all.

I know and work operators who do this all the time..

There is a organization called Mirror Indy who, IMO, has written a couple of great articles about the IHA challenges.

Looking forward to the journey ahead....In my experience, very few properties in Ohio are strictly required to operate as Section 8 rentals.

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

This can be a great option if you don’t have the time or desire to deal with the day-to-day operations of managing a property.

All depends on the operator, the segment there playing in.