If the renter leaves, do I have any way of recouping the lost rent due to this issue since it's a month to month setup?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Seller financing can be a great way to sell a property while offering flexible terms and potentially earning a higher return than traditional investments.

The fact that you've kept the same tenants for 4 years speaks to the stability of the rental income, which is key for buy-and-hold investments.Your strategy of house hacking and then moving into a rental property was a smart way to transition, and it’s clear that the live-in flip helped you build value.

The best protection for you and your investments?

Learning to actually make and follow along with a monthly budget was one of the best things I did after getting married.

HI Vincent,Correct DSCR is only applicable towards investment properties and you need to own at least one property in order to look into DSCR.You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Best,Jasper Juhl

Best regards,Drago

I'm working with the City of Kansas City on determining the highest and best use, which will hopefully lead to building 1-3 new multi-family structures (ideally duplex, triplex, or quadplex).