Best to buy your next rental with cash to save yourself the $5k loan fees and 7.25% interest👍 

For instance, if a property worth $10 million brings in $100,000 per door, the cap rate is $100,000 divided by $10 million.To quickly size up a deal, I rely on the 1% rule: if the price is $100,000 per door, I expect to see at least $1,000 in monthly rent.

@Carlos Ptriawan, $290-$310 per month generated is only $17,400-$18,600.

Rental Property InvestorReplied 34 minutes ago@Terri B.

Hey ErikI have amazing credit I can get funds and do full rehab per my private guy But with 8% at 200k the piti is about what I can charge for rent to keep it affordable.  

Then you owe ABOUT 0.009% per year of the building value per year you should have taken depreciation. (25% tax on 3.636364% of the building value you depreciated.)good luck. 

For the first property I did, I had someone in the building meet the deliverymen and paid them a small fee for their time.

One thing to consider, if there's a draw fee, that will be booked to the WIP account. 

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

@Jeremy Bourgeois who paid the VA funding fee?