BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I sometimes use Loopnet.com for quick examples of multifamily properties in different cities and the cap rate they produce, including the calculation itself.  

., through a 1031 exchange), you may have to recapture the depreciation upon sale.4.Switching from long-term to short-term rental (STR) applies for the full calendar year when calculating depreciation benefits.5.Using co-hosts may help, but be cautious of the 100-hour requirement for material participation.

Upon move out and receiving a portion of the security deposit, we were charged an over $400 cleaning fee in addition to some normal wear and tear items because they exceeded the apartments self calculated normal wear and tear allowance.

You should be calculating Cap Ex for all long term items that will need replacement at some point - appliances, roofs, ac, water heater, etc.

Just calculate the ROI on your money for the added interest.

You can also ask the tenant to sign an estoppel, which essentially has them verify the rent they are paying.As for expenses, the main areas where they can go awry include property taxes, which you can determine on your own; the mortgage, which you can also calculate; insurance, for which you’ll have a quote beforehand; and utilities, for which you can obtain the bills from the landlord.

Calculated risk worked for us. 

.- You can find a profit calculator spreadsheet here (https://lnkd.in/g-2m_vZA).

Its a calculated risk .