If you refinance, you can always use a DSCR loan on the next purchase if you think the refinance will impact your Debt to Income ratio.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

All this spending and lack of income for many counties is starting to shed its light now and people are going to have significant sticker shock.

In Colorado Springs, STR will certainly get you more income than a LTR but its often more time-consuming to manage as you have new people in your home every couple weeks.

That's more than half a year of income, plus you are probably paying management fees.

There's also a 3 bay garage for storage that could provide some extra income, it's very near to a lake.

In fact I assume that there are probably many many property owners who are not realizing their dream of a passive income property there.However, I'm a veterinarian not a real estate expert!

I picked up a 7 unit, all in 150k, with about 30k YES 30K net income on about 53k gross.

In this case there seems to be missing income/expenses(living expenses) not discussed?

Red flags: - An agent who doesn't focus a significant amount of their efforts (active or passive) sourcing deals.- An agent who will work with you right out of the gate with minimal screening questions.