@Ryan Genson I actually did miss where you initially said you're looking to do STR's.

In your initial deal analysis, did you plan on renting that room upstairs, or did that come about after? 

Hi Sara,A couple things that jump out to me initially after looking at your calc report are you don't have a couple variable expenses factored in that should be - 'Vacancy' and 'property management' expenses.

@Melissa S Vrobel I was referring to what you had initially said, "taxes and insurance being raised each year", and referencing the fact that some renters may choose to leave or break their lease when asked for higher rent.

@Jack Calhoun There are a few "rules of thumb" but ultimately, you'll need to do a full underwriting on a property before you actually put in an offer.I would suggest finding a good property analyzer spreadsheet and getting enough practice that you can quickly do an initial analysis within 30 mins or so.Some things to look for in a property analyzer: Allow for separate entry and exit cap-rateMin 5 year forecastinput for rent/expense growth on each yearincludes rehab and capex costsincludes debt service and financing costsincludes acquisition and disposition costsProvided IRR for planned exitHonestly, there's a ton more bells and whistles you could add, but I would consider that the baseline if you're talking about deals that size.Hope that helps!

Now I don't initiate any type of introduction. 

Your net return is 2.3% based on your initial cost basis.

Would I split the initial wholesale fee difference between the $55k & $70k?

ReStore by Habitat for Humanity and other charity shops, salvage shops, and Craigslist.

I have a lease coming up due and the lease agreement has 2 people (not related to one another) on the lease with an initial security deposit of $1000.