On MLS and full price is not a deal -- you need to make money on the deal at the onset and ongoing.

I ran some numbersasking price 320 k here are my assumptions 5% interest rate,  25%down payment, property tax 8k, insurance 6k, maintenance 7k, other costs 2k, monthly rent 4 k I used the calculator.net rental calculator, I got first year cash flow 3.5k k ,  NOI number comes up as 22k .

I agree it doesn't seem to really work well with STRs where you don't have a consistent monthly income amount - I pretty much just used my monthly average.Another problem I ran into - when it imported my bank transactions it asked me to select a category for a transfer I make from my checking to my savings (I put money aside for taxes etc on a recurring basis using an auto bank transfer).

When I deployed to Iraq in 2006, I rented it out and have been renting ever since. 

:)  And the agent and the ongoing support :) @Mark Petitmermet Thanks!

Unfortunately we didn't get very far in the process because my median credit score was 10 points too low to proceed I was told; however, I plan on speaking with a community bank/credit union this week, as I've read their terms might be more favorable.While real estate investing seems overwhelming right now, I still plan on going for it.

If the occupancy costs is too high your margins won't support the ongoing increases. 

Also the system will need to be inspected every 6 months which is an ongoing expense (every 3 months for 5+ units I believe).

Make sure you're utilizing the correct avenues to remove non-payment or non-lease abiding tenants from your properties.Accepting Partial PaymentsIf you're owed $1,500 and you're looking to pay some of the ongoing bills with your property and your tenant doesn't have the full amount but they offer you $200 and you accept it.

Make sure you're utilizing the correct avenues to remove non-payment or non-lease abiding tenants from your properties.Accepting Partial PaymentsIf you're owed $1,500 and you're looking to pay some of the ongoing bills with your property and your tenant doesn't have the full amount but they offer you $200 and you accept it.