PMC: We negotiated $80 a month flat rate for management, so like 8.5% management feeRent: $950 a monthOperating cost: I estimated  70% overall operating cost which included the 8.5% management fee, mortgage and repairs/upkeep, etc)Average net income would be $3216 a year Gross income would be $11400 ($950 rent X 12 months before all expenses)So re-calculating the cap rate and using total gross income I'm getting a rate of 4% as opposed to the 4.68% I originally calculated.Does that seem more accurate? 

Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include: What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

Worse than average priced SFH are in my outrageously expensive market.You may think I am advocating for selling, but not necessarily.  1) I look at total return and do not prioritize cash flow over the other sources of return.

For example, the KC market for SFH will generally yield around 10%, in Cleveland around 12% on average.

There are however CPAs who are more knowledgable than average in this area. 

This unit cost us $250,000 to build and generates an average of over $3000/ month.  

I don't believe in using phone apps since it is too easy to log onto your desktop computer with Teamviewer and run your computer from your cell phone or tablet.As for the cost for what you are describing, the average developers ear earning $2,400 to $3,000 per week, or $60 to $75 per hour.

It's absolutely not a simple contract though, my C4D packets average 80-120 pages in total. 

I typically like to ask BP because the people here are more savvy than the average person. 

Both of these are extremes in the spectrum.While it may seem logical that we can raise rates due to “inflation”, that same inflation is affecting the average consumer’s spending power, which could have a significant impact on whether (s)he takes a vacation, which will reduce overall demand for anything travel-related, including vacation rentals.