If you were running much lower expenses, say 40%, and eliminate the monthly reserves, the deal looks amazing.Income = $35,760 ($745/month x 4 x 12 months)Minus 15% for vacancy, loss to lease, etcEffective Gross Income = $30,396Expenses = $12,158 (40% of EGI)Net Operating Income (NOI) = $18,238Minus $100/unit/month in reserves = $0 Cash flow before debt service = $18,238_______________________________________________Purchase Price: $129,000Down: $25,980 (20%)Loan = $103,200 Annual loan payment (assumes 30 yr amortization, 4.25% interest rate) = $6,071 _________________________________________________Cash flow before debt service = $18,238Minus Annual loan payment = $6,071Annual cash flow = $12,167$12,167 / $25,980 = 47% cash on cash return

The state will give you a low cost loan for the development and then there is a loan forgiveness program that pretty much eliminates the loan.  

That has eliminated both problems of overflowing dumpster and bulk trash accumulating. 

This will eliminate month 2 interest .My opinion is do 30 year notes only.

It eliminates the headache of waiting for me, the inconvenience of mailing it and the need to pay the UPS store $300 for a box.If that was all I used Cozy for then perhaps I would switch to a direct pay service and run the risk of receiving partial payments etc.

Having a W2 job does Not eliminate self employment taxes being due, unless you guys are already over the income/contribution cap.

That means eliminating the thought process that "I don't know anything" therefore I should start at the bottom and work my way up.

Some communities are restricting STRs or eliminating them.

Now, my 30-yr projection of course favor 10% down, as eliminating 19 years of PMI plus the possibility of making gains on those savings is huge.  

Back in the 1980s, Congress eliminated the deductibility of consumer loan interest (credit cards, auto loans, and so forth), but HELOC and home equity loan interest was a loophole homeowners could use up to the $100K loan limit.For BRRRR and other income property strategies, an accurate and acceptable answer might be: I'm using the money to remodel my real estate.