post/code the deposits and expenses (loaded comment) Without even yet talking about expenses, just Deposits for example: Quick book takes time if you invoice and let renters pay you online.

I just want to make sure I’m doing the right calculations.. for the cash on cash I’m doing the annual net cash flow/ total cash investment times 100 and for the cap rate I’m doing net operating income/ sellers price...Also what would be a good cash on cash return and a cap rate ratio

That is the biggest load of nonsense ever.

My usual set up is 7 to 8% preferred return and 50/50 split on upside. 50% investors and 50% me.You have to watch out for some syndicators that just front load fees on stabilized properties.

Currently it is operating as a 18 unit motel (11 units + garage/storage area in one building, 7 units + laundry facilities in second building).

Mortgages front-load the interest so you barely pay your principle for the first several years, and then you end up paying far more than the property was worth by the end of it.

Usually, it's forming a Texas LLC with a customized operating agreement.

I would like to rent the other unit to someone who operates an assisted living facility.3 Bedroom2 Bathroom 2 floors Where do I go to find assisted living facility operators, who are looking for a place to lease.

Talk to your CPA to confirm but those expenses you mention are all considered Operating Expenses and can be  written off,....not sure about the PMI though.

Also, in your experience with commercial lenders, how much of a seasoning period do they look for once you get the building turned around, and operating at the higher NOI for before they will allow a cash out refinance?