They include any costs incurred during a general search for, or preliminary investigation of, a business or investment possibility.The costs you had in your attempt to acquire or begin a specific business.

Some will be passed on to the tenant.You can include non-recurring expenses such as capital expenses, repairs, etc. 

From the CA website:A landlord can only deduct certain items from a security deposit The landlord can deduct for:Cleaning the rental unit when a tenant moves out, but only to make it as clean as when the tenant first moved inRepairing damage, other than normal wear and tear, caused by the tenant and the tenant's guestsRestoring or replacing furniture or other personal items, but only if this was included in the rental agreement and the damage isn't from normal wear and tear Generally, a landlord can keep part of the security deposit for rent owed.

I am overwhelmed by the number of different formulas that are out there for rental property investing and I don't want to overpack for lack of better words my investing formula arsenal so I would like to know what ones are the best to use and whyThe ones I currently use include: COC, NOI (and NIAF), Cap rate, ROR, ROI, and IRR=But I also have heard of NPV, I am also not including any "rule formulas" aka 1% and 50% as those are simply guidelines to follow and not complicated formulasLet me know if I am missing any or don't even need to use some of the ones I am usingThank you,Peyton LaBarbera

This way, you're covered legally, and your lease includes everything from rent details to what happens if someone decides to turn your living room into a circus ring.Now, about finding those gold-star tenants, it's all about the background check.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

It is also very time consuming to cold-call, cold-text, and do mailers.

Retirement is still 25 years away.My total monthly expenses (not including maintenance) are $2500.

I wrote an entire post on that topic that you can read HERE including clips of the language in the note and what to be aware of.

As for fees, your typical STR management company down here will be in the 15-20% range plus your regular costs to run a STR (consumables, towels, maintenance, etc.).