The decision should be based on criteria comes that from a financial plan you put together, where every step in that plan leads directly to the next step in that plan, kind of like prerequisites in a college curriculum, aiming towards graduation.

Depending on the area in Boston, it would be fairly unrealistic to be aiming for the 1-2% rule unless you're about 1.5-2h from Boston proper.

Of course that comes with other added management measures but if your considering a quick turn could be a good way to max NOI!

I'm always amazed how people are so self-absorbed, they want to tell you their whole life story, accommodate their schedules and measure rooms to fit their furniture, but don't know what really matters to landlords which is #1 paying on time and #2 not being a hassle. 

The unit stays pretty warm so as long as it's not creating terrible long-term issues i'm fine just taking mitigating measures for now.

I find it more useful to think of Cap Rate as a measure of market appetite.

Still, we’re totally green to rentals and commercial real estate, so we are indeed in unchartered territory with many moving parts and looking for measured advice on how best to navigate these waters and become more informed before diving in.

View report*This link comes directly from our calculators, based on information input by the member who posted.What kind of COC ROI do you try to aim for on BRRRR deals?

If you disclose the camera, they will likely stop doing it, so it would be more of a precautionary measure.

The aim was to buy 2 deals, I only bought 1, buying two would've had a positive cash flow of $100 which would satisfy the HELOC payments until an opportunity to refi, after only 1 deal I still have access to $30K liquid cash and have a pre approval of $130K if I wanted to go conventional.