Larger homes that sell or rent for more will be required to make the deal pencil.The exception is in places where you can put a humber of tiny homes on a lot.

In my calculations below I used $1,800/ month for rent.Crunching all these numbers it looks like I won't be breaking even at the end of the year and when I threw these numbers in BP's calculator, I wouldn't start making a profit until year 5.Is this concerning?

You also want to make sure your profit margins are big enough to support a large market shift.

If you are receiving 1099 or are Self Employed, we need to average the last 24 months and need a YTD profit & loss or receipts for your 1099 income for YTD.

For 2017, total rental revenue was $116,000, total expenses were $77,000, and profit paid to the owner for the year was $36,000.These aren't great Cash on Cash numbers, but they are a means to a desired end (owning a place in this location). 

Getting a mortgage in my personal name is not an option.I’m preapproved for larger amounts.

I have an opportunity to partner with a builder on a duplex project where I could get 25% of the net profit, however, the project won't be ready to sell until about this time next year. 

When I put in offers for my commercial clients on larger properties (millions to tens of millions in price) I look past just the asking price.

Example, my last deal, I didn't include an inspection contingency because I was taking it to studs anyways and had a profit margin of $75k, with everything getting redone. 

I could go with a HELOC (30 years) and have a larger line and bigger cash-flow but I don't like the floating rate in the current market and I don't currently need more cash.