You should hire an agent but ask them if they know what NOI and Cap rate is (i,e are they familiar with investing?

@E.

It's scenario dependent.For a rental property that you have owned for one full tax year, your Schedule E is nothing more than a profit and loss statement, and is taken as such, with a few modifications where we have better information than what's on the P&L:Note that we do not even look at the bottom line number, lines 21 and 22 are not directly used in any calculation. 

You might need to lay out where that liquidity would come from in the event your refi doesn't cover your hml in full.

Some expire every 5 years, requiring you to get fully underwritten again.And they all make you report your financials to them annually. 

And if you want it you can create it in an hour for a few bucks.Maybe this STR is the outlier, but for most STR's the "business" is not like buying an e-commerce site or a photography business. 

So my last post on BP, I was asking for advice purchasing a very old rental in a D area.. Since then, I've saved some cash and reevaluated.  I've found a really clean triplex 1 city over, more then I wanted to spend b...

Or like 20 units If each unit would potentially cashflow $250 a month.In the spring of 2022 once the rehab is done and we are able to add some curb appeal to the property I would like to get a HELOC on it as we basically dumped all our liquid savings into it at this Point.Im hoping that it will appraise somewhere in the 290K-300K range with us buying under appraisal value, put 60K documented into it and added a beedroom and bath.

A tenant has,in writing,agreed to renewing the lease and to it's terms but hasn't signed the actual lease renewal yet.How far in advance of the current lease expiring should the signed new lease be received?

Check your O&E report or online assessor records to make sure they match up.Some descriptions are the metes and bounds type, which it sounds like is a particular requirement for the county that Chris was looking into.