Make sure the rental income comfortably covers your mortgage, taxes, and other expenses.

My STR property manager can run an income analysis broken out by projected monthly rents (winter, shoulder months, summer, etc.) if you're interested.Happy to help!

QuickBooksQuickBooks can be a good option for tracking the financial aspects of your deals, such as downpayment, funding sources, mortgage details, and cash flow.Pros:Widely used, with robust reporting features.Can track both income and expenses, making it easier to manage the financial health of your properties.Offers integrations with banks and lending institutions for easier transaction tracking.Cons:There might be a learning curve if you're not familiar with accounting software.May require customization or additional apps to track all the specific real estate details you mentioned.3.

Yes can do it 25% down on DSCR no income no doc .

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 live out of state and will be using this as a rental income property.

Every time my previous homes I've lived in come back on the market, I always go to see them.

If, in principle, I can make it so that I have extra income left over after deducting all expenses, I have a positive cash flow.

Is the condo personally owned or corporately owned?

But -- rant incoming -- as @Erin Spradlin, resident midterm rental expert in our household would probably ask you, why limit your targeting to just one demographic?