I find this discourse about cashflow OR appreciation an incredibly narrow way to look at the market.

I’m looking to buy my first rental property and would love to buy a single family home and rent it out by the room.

@Austin Bird Good looking spreadsheet.

Should I start and look for properties with my 15k or should I keep waiting and get 30k and then start investing?

There are more factor to look at than the cap rate.

If you do find a deal and maybe it doesn’t cash flow for the first year or 2 but you can make improvements, raise rents on under market leases, manage property effectively and cover your expenses at least you will have started and can look for better cashflow over time.

Looking forward to learn more and share experiences.

I can also recommend that you speak with @Jonathan Makovsky.

Here’s what I’m looking to learn:1.

Do DSCR lenders even look at projected DCRs or do they mostly just care about what they see at time of lending?