This property had my heart from the moment I saw the listing, but it took A LOT of work and calculations (and LUCK!!!)

Look for good rental demand.Repairs – Estimate what it’ll cost to fix anything.Plan – Decide if you’ll rent, sell, or hold the property.Biggerpockets has a lot of different calculators as well to help you out: https://www.biggerpockets.com/investment-calculatorsYou got this!

Look up Airdna Airbnb calculator.

This can help offset costs and improve your financial position.Cash Flow- Calculate all expenses related to both properties (mortgages, property taxes, maintenance, insurance) and ensure you have a positive cash flow.Vacancy Rates- Factor in potential vacancies when estimating rental income.

So don't discount it at all.Don't be impulsive, be calculated.

My calculated cap rate is 4.73%.I just finished a full foundation up remodel on our primary residence, we owe $1.22m at 4.25% on a 30 year on the mortgage and have a private construction loan with a balance of 490k at 5% on a 20 year.  

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Thoroughly analyze deals using tools like BiggerPockets Rental Property Calculator to ensure property cash flows align with your goals.

CAP from my calculation is +10% so naturally I am going to scrutinize.

That could be anything from not accounting for capex/repairs/vacancy in their calculations or a complete lack of knowledge in how to calculate their future property tax obligation (this is a big deal in Michigan).Just the other day I had a call with an investor looking at a 10-unit property in Detroit.