Paid off real estate cash flows extremely well.

I have had my property manager paid to oversee the renovations. 

Like any other Real Estate Investor selling an educational course, he was teasing us for another paid training.

A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

I'd chalk this up as expensive tuition on your RE journey. 

In five years that 100k has got you 15k+ (hopefully rents went up, paid off 10k+ in debt and your asset has appreciated 80k+. 

I have clients though that I fund that have built some incredible portfolios. 2 of them over 250 SFRs that I funded for them and they refinanced and paid me off..

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Hi Kristin in Chicago, Illinois-I am sorry one of your rentals has been vacant for a couple of months going on three months and you are concerned your property manager is not representing the property well and their criteria for screening tenants may be too stringent for the area.This can be an expensive learning curve as you have holding costs and may even have to pay one month's rent to the property manager to get it leased.I had nearly the same thing happen to me.

I am familiar with the 75% of ARV less property and rehab expenses but I appreciate that that's the formula you work with too.My biggest concern is over managing the rehab from a distance but it sounds like you have been able to mitigate that with a relationship with a reliable contractor.