There are closing costs, loan origination fees and Homeowner's Insurance to add into the number, You will get better detail from whomever is lending the money.

However, two oversights have affected my calculations: (Both dumb mistakes I can only blame myself for)Higher-than-expected property taxes and municipal fees in University Heights compared to Cleveland proper.Overly optimistic rental income estimates.After adjusting for these factors, including property management costs and other expenses, the revised cash-on-cash return is about $12,000 annually, slightly over 5%.

You are better off buying with a bridge loan, since you will not have a PPPAlthough you could opt for a DSCR with no PPP, the rate will be similar to a bridge and/or the fees may be higher with a reduced PPP.

Explain late fees and charge them. 

If you work with a single lender for the refis, many will offer you discounts for multiples, so even though its not a portfolio per se, you can still save money on some closing costs by doing them all at once.Good luck on it though, would be happy to recommend if it would be helpful.

Our company won't accept, "addition interest" for this reason.Also, this is being misrepresented by the agent, since insurance companies ALL add lenders as, "additionally insured" as required per mortgage docs.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

I would highly recommend connecting with Anderson Business Advisors for a free 45-minute call to see what the best structure for you would be.

@Bob Prisco within minutes of posting this week I had so many incredible people reach out to me with referrals and recommendations.  

Once you have a substantial sample size, itemize them on a Google sheet form and compare the Price, Price per square foot, Lot size, price per bedroom, etc.