Even though I primarily invest in Midwest real estate, the same principle applies: vet properties carefully, plan cash flow conservatively, and build systems to manage efficiently.

A local real-estate CPA can guide taxes and depreciation so you stay efficient.

What I do bring to the table right now is the ability to complete or manage full remodels efficiently.

I also work with a lending company that helps investors structure deals efficiently.

It was a $2,000 high-efficiency water heater, but it only cost me about $600 for labor and a new expansion tank.

NEXT is getting it in the most efficient manner possible. 

In SFR, there is such demand from owner occupiers that the psf cost makes it such that you can build for less (with efficient design and the right dirt). 

But like any investment, success comes down to knowing your numbers and avoiding common pitfalls.Let’s break it down.The Numbers That Matter MostWhen you’re analyzing a deal, here are the metrics that should guide your decision:Cash Flow: Your rental income should exceed all expenses, even after you factor in the unit you’ll live in.Cash-on-Cash Return: Aim for at least 8–10% return on your invested cash.DSCR (Debt Service Coverage Ratio): Anything above 1.2 means the property easily covers its mortgage.Price Per Door: Compare with similar multifamily units so you’re not overpaying.Cap Rate: The higher, the better—just make sure the risk and location make sense.These checkpoints act like your compass, helping you spot good deals and avoid bad ones.Quick Reference: Summary TableHere’s a handy table you can use when evaluating your first (or next) house hack:Metric/TopicWhat to Aim ForWhy It MattersCash FlowPositive after all expensesEnsures property isn’t draining your savingsCash-on-Cash Return8–10%+ in most marketsMeasures efficiency of your invested capitalDSCR1.2+ idealShows the property can comfortably cover debt paymentsEquity for Refi20%+Required for conventional refinance and to drop PMIAppraisal PrepWell-documented improvementsHelps justify a higher property value during refinanceBeginner Mistakes That Can Sink a DealEven great properties can turn into headaches if you overlook the basics.

Alongside that, I’d recommend educating yourself on deal analysis, property management, and financing options so you can scale efficiently.

Embrace technology and innovative tools that can streamline your processes and enhance your efficiency.