The monthly rental of a home should be 2% of the home purchase price. 

Creating an LLC in NY is a hassle - all sorts of nonsense about publishing in newspapers for 6 weeks, etc.I tried to research what it would take to own and operate a rental property in NY with a different state LLC. 

The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.Program availability vary by state.

The 1% is meant to represent a point where the rental is likely to just barely generate some positive cash-flow.

These areas are not overly regulated yet, with the most restrictions I’ve run across so far being they can only STR for 120 days a year, or the rentals have to be a month at a time.

(They are no longer taking the high risk of insuring rental properties in CA).

When you zoom out and look at the big picture every rental property needs a total gut rehab every 30-50 years at about $50-$80 per square foot, which will long term wipe out all your cash flow and then some if you don't have corresponding appreciation to offset.I have been investing in Milwaukee for 15 years and it took me a while to see this pattern.

You need thousands of dollars in reserves, per property, to make it with rentals.

ThanksI agree with this statement as it relates to vanilla real estate investing IE buying rentals or fix and flipping wholesaling etc those are all basic concepts that are not terribly hard to figure out..

We offer it only if it is on an autopay with our online rental software, otherwise it would be to much work