Expect the fees/points to cost about $3,500 since that's the minimum fee most lenders would take. 

This .90% rule in general works as a backwards math for 75% of gross rental > PITI.Hope that helps walk through the scenario and strategy expectation.

Personally the only people I know buying 4% caps are all cash holding for retirement, waiting for equity growth on back end,etc.If buying low cap with expectations rent growth and values will go up,up,up especially if the investment is a large part of your worth then that would not make much sense.How much are you trying to deploy for down payment?

I'm researching BRRRR now but I expect she would reject that idea too for the same reasons.

When the fat pitch comes in, you should be ready to swing for a home run.

It is an extremely strong seller's market.For buyers, expect multiple offer situations - IF - you can actually find a property. 

I thought it was a straightforward approach and liked it at first but after  that, have not being able to get into contact with the mentor after this offer was made - and the seller is expecting to have this deal done which we are supposed to meet up in the next few days.

Or, I could try to get one more rent payment (I expect to come this week), then serve them the 30 day notice to vacate by end of June.

Expect the rest to follow.Brad also knows that he’s describing a very different situation than your imagined set up, where you are posting single rooms for AirBnb occupancy inside occupied houses. 

The unit is good condition expect that it is very old and never being updated in the last 20 years.