You can built that back up...or the "worst case" is you take out a <insert form of debt here> if you have an unexpected cap-ex expense come along. 

My question is for any strategies that investors in more expensive markets like ours have to obtain financing.  

With hoa, managment fees im looking at 1500-1600 expenses.

Gross rent is $1450 per month ($625 for one unit/$825 for the other).Taxes: $1280Insurance: $1400Operating expenses: $725 (Accounting for 50% of rent)Mortgage380PMI0Insurance116Taxes106Vacancy35Maintenance725Total Expense$1,362IncomeMonthly Rent$1,450Annual Rent$17,400Cash FlowMonthly Cash Flow$88Annual Cash Flow$1,056I understand that most target $100 per door, and that would be my goal as well.

I live an hour and a half from L.A. and currently house hacking and I'm a bit glad that I am due to the prices there in L.A are extremely expensive.

We meet at Radius Financial, 600 Longwater Dr, Suite 107, Norwell.  7:00 PM on the 2nd Tuesday of the month.You've no doubt discovered how wildly expensive Boston properties are. 

There are still some things I am sort of "guessing", like the expenses (insurance, sewer, etc), but it's helping me learn where my gaps are in the analysis so that I know what I need to focus on.  

Our plan is to get in, rehab the property, increase rents, decrease expenses and of course increase the NOI of the property. 

The only other answer is a forcible eviction and that can be time consuming and expensive depending on your state.

If so, get a 12 month history of expenses.