Your goal of purchasing a second home for rental purposes is a great way to start building a stream of passive income that can ultimately change the general trajectory of your financial wellbeing.I commend you on your dedication and eagerness to learn more, and I'm confident that with the right mindset and approach, you'll achieve the success you're aiming for.

While you may be able to make 200/door you probably lose that with lower appreciation.I would run some numbers on new purchases in Denver and one or two Midwest markets (using zip codes for household income to identify your b- neighborhoods) and see what makes sense.

Cashflow=Rental income- expensesRental income: how many rooms will you be renting out?

I'd ask for the rent roll, or income statements.

A DTI (Debt-to-Income) ratio of 50% or lower, when including all expenses you pay/month, would be safe IMHO.

At today's rents that's decade(s) of net rental income even when taking into account any potential increases.Rents however would get $3k/mo on the high end, and more realistically around $2.6k/mo.

In general 10% of valuation in gross annual income.

I'm not finding much unrenovated even that is even near 4% cap (net income divided by acquisition price).

I do understand I went from the top tier tenant that will pay the most for the perfect setup down to the unit that can be paid for with section 8 and will attract a lessor tenant or someone single / new young family / retired / disabled / fixed income etc.Here's the deal figures With closing paid , seller counters 10k above my offer, 6% VA loan, no points Does the property lacking those features make it a deal breaker ?

She declares bankruptcy/pays off those cards with the cashed from the sale and moves forward investing as a business entity.additionally, her personal residence is income producing as well since she rents out two rooms on Airbnb and runs her cleaning business out of an office there. my questions are1.