As an example in a different real estate “product”, we owned a 70 unit motel that we had converted to mostly low income housing.  

The very high income investor typically 700k a year and up income with job or business who is busy but gets googly eyes looking at some pro-forma high return and have no clue what they are looking at.

We've thought about subbing out to a proper "property management" company but we really don't need help collecting rent or expenses (this is all done electronically online) or even finding new Tenants on the odd occasion when we have an Apt turnover (we use Brokers for that) ...

Current annual income is $101k-Annual rent increases of 3% are realistic making annual income after 10 years $136k-If interest rates lower a refinance would lower annual mortgage expense-an added bonus over time would be appreciation (which will likely not happen within the next few years)Thank you for any input!

For example, I have been informed from a couple of banks that even though my current Airbnb totally offsets the mortgage, they will not take the income from the property towards the DTI calculations but rather take the gross income from the Taxes filed and consider the mortgage amount as an expense, which was hard to understand.

@Cameron WoodwardLooking for tenants for your first property, Check out online rental sites such as Zillow, Trulia, Apartments.com, and Craigslist.

Best thing to do which most of them do not do is have a conversation about your goals and current income and assets.Getting your credit pulled 3-5 times can just hurt you in the long run if the lender has limited programs or extreme overlays.

https://www.ewg.org/news-insights/news-release/2024/03/over-240-california-community-organizations-unite-againstLate in the legislative process the tax was slipped into a 2022 law, A.B. 205, authorizing the California Public Utilities Commission, or CPUC, to add a fixed charge to electricity bills based on household income.

Value of Net Operating Income, Cap rates.Cost to build approach has not kept up with inflation. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $800,000

Cash invested: $400,000

Home I rent to a family of five