So that means you have 250k in excess.

It seems excessive.  

My estimate is, even with my underwriting, cash flow in excess of $2k.

As long as the job market and economy is stable, the fed will continue to keep rates elevated and liquidate their huge balance sheet (from excessive government stimulus) for as long as they can.

That's my definition of "good" and they are challenging to find in my market and for the class of housing that I seek for my rentals - probably less than 10% of listings I see in my market have a cap rate in excess of 8.

@Jingwen Dunford It's also common to have the waterfall structure of an operating agreement define any excess cash over the preferred return as return of capital in addition to capital events such as a refi or sale.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

@Dustin Fisher if the property in Dayton is vacant you can be reasonable assured that the electric, and plumbing as well as the HVAC has been removed and rehab will be in excess of 25K and unless you have contacts in the area or can go there and supervise the rehab you can look forward to many sleepless nights/Start by going to the Dayton Ohio auditors page and look up the property. it will give you information you need to start looking at.I have 5 properties in Dayton all in the east side of the city zip code 45403.

The LLC only protects your liability in very uncommon circumstances: you must get sued, not settle, lose in court, receive a judgment in excess of any insurance you have, and have the viability of your LLC stand up in court (aka not have the court "pierce the corporate veil").

Figure out the average water use, divide it by four, add 10 - 15% to cover excess use, and add that amount to their rent.Average bill: $60Divide by 4 = $15 eachAdd 15%: $17.25You collect $69 per month to cover the bill.