However, the impact of this method depends on how interest is calculated on your loan (e.g., daily vs. monthly compounding).Bi-Weekly Payments: Paying bi-weekly effectively means you're making one extra payment each year (26 half-payments vs. 12 full payments).

She has written the STR book for BiggerPockets in the bookstore, which has amazing information.Our BiggerPockets STR calculator can help see what expenses may come and quickly pencil out deals.

It’s similar to the mortgage calculators you can see online but can add extra payments.

I am looking to take the (calculated) plunge early 2025. 

@Brian Scott don't forget to incorporate the tax savings into your calculations too!

**Questions:**- I have no idea if my calculations on what the my costs for leasing the house are anywhere near accurate.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

You're 3-5 years too late:(As you've calculated, you won't cashflow anytime soon - without changing your priorities.Example: you have roommates now, but don't want them if you buy.- While this is your perogative, how much monthly are you giving up?

So I think one thing you might need to add to your calculations is the projected value of the house over time and any anticipated rent increases.

So far with the properties that have looked promising we have utilized the calculated NOI / Cap rate to determine the value and every one we have done has come up way lower than the asking price and in one instance came up less that what the current owner paid for the place initially.