That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A (even though investor A's net worth is 10x of investor B's).So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success...An effective investor creates models to help them strategize, and those models inevitably include net worth, but they include a LOT more than just net worth (and as a result, they can be quite time-intensive to create)...but, the things that are most worth doing usually ain't easy...

@Sam Faas I am simply looking for other ways to decrease costs regarding my rentals.

With only 3% down, it will be tough to do though you will also be living in it and presumably decreasing your living expenses as well. 

As an engineer, I assure you that the rent multiplier method always produces false results, decreasing the accuracy of return calculations.

If it isn't a legal 2 family I think you might just look for one family to rent it to decrease your issues or you will need to explain the situation going in to the new tenant.

So, if you put an $8,000 down payment on a property that generates $1,000 annually in cash after all expenses and mortgage payments, you have a 12.5% Cash on Cash returnOf course improving your cashflow involves increasing revenue or decreasing expenses.

.- Mobile’s low cost of living and doing business provides a desired aspect to renters that can’t be achieved elsewhere, which provides a steady influx of renters thereby decreasing vacancy rates.

Vacancy is running at roughly 10% and decreasing over the past few years.

If you can get the tenant to sign a longer lease and/or increase the rent and/or decrease other expenses, you'll make your NOI go up... if you end up paying for the carpet to make this happen I think the ROI is still excellent.

Purchase price: $395,000 Cash invested: $40,000 Contributors: James Dainard I purchased this right as the Short-Term-Rental market had a big reset.AirBnb cancelled all of their bookings due to the pandemic and the previous owners decided to get rid of this unit.I took it down on an owner-occupied loan then converted it into an STR once I hit that 1yr mark.The unit is only on AirBnb for now.The manager handles all of the bookings, inquiries, cleaners and check-in/check-outs and will be eventually starting his own website for repeat bookings to decrease the amount paid to AirBnb year after year.The building (Belltown Court) is one of very few in Seattle that allows STR's and requires that all guests be given a tour of the building as well as a rundown of the rules.This investment is entirely passive thanks to my manager, at this point I'm racing to 20% equity to get PMI taken off and increase the cashflow.