Accountant · Las Vegas · Member since 2026 · 4 posts · 2 votes
5h
@James Jones, I like that you use the same four numbers before every offer and estimate rent at the low end. That consistency makes your approach easy to follow.
From my property accounting experience, my deal-breaker would be too little cash left after taxes, insurance, maintenance, vacancy, mortgage payments, and money set aside for future replacements. Two properties can pass the same 1% check but leave very different amounts for their owners to keep. I’d look closely at what the rehab covers, too. A roof with only a few years left can affect the numbers even if it isn’t leaking today.
Which expense most often changes your mind after a deal passes your screen?