Good Morning, might I recommend Russ Wolfertz of ERA Cousens Realty Rockland. 

If you were pre-approved for 400K for a MFR, that means the lender likely factored in 75% of the rental income and tacked that onto your income. 

Good Morning All,I need some assistance.

Whether they will or not will depend on other factors.

Good morning Brandon, HAPPY THANKSGIVING!

We don't have a property manager and repairs are minimal so we clear over $500 a month with repairs and Cap Ex costs factored in.https://www.zillow.com/homedetails/2740-Nottingham...Thanks for your advice and opinions in advance 

Good morning, BP.I've got a bit of a sticky question here.

If you agree to his budget then any overages would be at his expense and not factor into the profit split.  

@Elisha CramIf you are operating this like a hotel or b & b, then you'll have to factor in self employment taxes as well.

When you factor in closing costs (up to 5%) when you buy and commission (6%) when you sell, the property is going to have to appreciate fairly significantly to come out ahead in a 5-6 year span.