Higher maintenance and vacancy create less cash flow.

. $1200 at 1.5 months vacant will yield a greater annual EGI ($12,600) than $1350 with 3 months vacant ($12,150).

How much deferred maintenance is there?

@Robert NelsonI Did a condo as one of my first investmentsPros - 1. little maintenance to responsible for.2.

Plus you'll want reserves for maintenance and vacancies.Have you checked what you can actually get approved for?

-Recurring and Seasonal Maintenance Tracker -Finding a Market-Analyzing a Market-Property Closing Checklist-Underwriting and Analysis Worksheet-Due Diligence Checklist -Buy Box Checklist There is no reason to recreate the wheel.

I made adjustments, and it paid off when I found great tenants for the third-floor unit.Improvements Add Up: From installing a shared washer and dryer to renovating my unit’s kitchen, every improvement added value to the property and increased its appeal.Stay Financially Savvy: Refinancing my mortgage and renting out the garage spaces were big wins that helped offset costs and improve cash flow.Expect the Unexpected: Maintenance surprises (like a flooded toilet or diagnosing strange sewer smells) are part of the journey.

I prefer Rentredi for rent collection, lease signing, maintenance requests, etc.

In my area, U&O inspections are done on every sale and varying rentals from annual to just on turnover.

You have the mortgage, taxes, insurance, maintenance, capital expenditures (roof, flooring, etc.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.