Property tax rates are low as well.In Alabama, property taxes hover between 0.3% and 0.4% of the home’s value per year.

. - I realize that contest window was long closed, but I acquired this duplex last week and was shocked to find these rates during closing as opposed to listing which did not show that.

It was also financed as a secondary home (I was told that there is no difference in rate in the current environment between a second home or a rental).

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

As long as you stay at 4 units or below you'll even get very advantageous rates on your financing. 

Hey All, With higher prices and current interest rates, investors are looking to different strategies to make deals work.

Have you looked into sale prices and rental rates?

If the loan amount exceeds $1M, then rates are in the high 6's to mid 7's. 

One thing I do is pull up the rate and occupancy chart right off AirBnB and see what the bookings look like.