If after all that, you need at near/at/above your cash flow desire, then great.COCR is easily adjustable depending on what you end up putting in.

When you adjust the numbers, their "good deals" don't look so good anymore.To make it useful, the user still needs to be reviewing all numbers and adjusting them to the proper amounts. 

I'm not going into this expecting to lose money, the analysis I have shows it will cash flow but there is a large variable of vacancy and no matter what research I do it's hard to nail down or say I'll be able to reach what my goal are and this is why my estimates shows the "worst case" is -$4k if we can't rent it like we're expected to.With that though, since we're new if it doesn't cash flow then we'll adjust, learn, and try to make it cash flow but who knows...Here is my original post asking about the numbers: https://www.biggerpockets.com/forums/530/topics/714890-how-to-calculate-vacancy-for-a-seasonal-place?

I'm looking to find out if I have to have quotes up front and if the loan can be adjusted for overages.

The following factors adjust one's interest rate:- Unit count.- Occupancy (you did provide that info, ty).- Purpose of loan.- Credit.- Property type (condo is a hit, and you did provide that).- LTV / down payment. - etc.

Is about risk adjusted profit.

I believe we have to draft the purchase agreement for each properties, draft the deed for each and get it signed from our friend, and then record the deed with the county clerks office, pay realty transfer fee.we will also adjust the final amount for the the prop rated rent, city and county taxes, etc.

I was quoted a few months back so I'm sure the rates have adjusted + my credit score took a bit of a dip with the recent purchase. https://montecito.bank/

@Kat He Anything is possible im appraisals is what ive learned over the years working at my appraisal firm. the appraiser can treat it as an amenity but it would likely be very hard to find comps or he could treat it as an extra bedroom/den/office and do a single line adjustment for the functional obsolescence of it being outside of your actual unit.

I personally wouldn’t because of the political climate in that area... but that’s just me.