Quote from @Patrick O'Sullivan: This is such a great reminder, Alan.Routine walkthroughs not only help catch maintenance issues early but also show tenants that the landlord is proactive and cares about the condition of the home, which often leads to better care from the tenant as well.Something as simple as a slow leak under a kitchen sink, if unnoticed, can lead to major repairs like replacing cabinets or subflooring.

BiggerPockets has a rental property calculator that’s solid, or you can build a simple Excel with inputs for rent, vacancy, taxes, insurance, repairs, CapEx, etc.

Repairs and maintenance eat up the vast majority of the cashflow.

Lenders will feel more comfortable if you show them a detailed plan with purchase price, repair costs, and after repair value.

Quote from @Rereloluwa Fatunmbi: Quote from @Benjamin Louie: @Rereloluwa Fatunmbi Purchase Price: $195,000Units: 1/1, 1/1, 2/1, StudioStabilized Rent: $3,165/moEstimated Monthly Expenses:Mortgage (DSCR, ~80% LTV, 5.5%, 30 yrs): ~$1,100Property Taxes: ~$200 (check exact amount, NE Ohio usually lower)Insurance: ~$100Utilities (wrap for single meter): ~$200–$250 (budgeting high)Maintenance / CapEx Reserve: ~$250Vacancy (5%): ~$160Total Monthly Expenses: ~$2,010–$2,060Projected Cash Flow:Stabilized Rent $3,165 – Expenses $2,060 ≈ $1,105/moNotes:Utilities can be lower or higher depending on efficiency and tenant behavior.Maintenance includes minor repairs and small updates; major items (roof, HVAC, plumbing) would be separate capex.Vacancy may fluctuate; 5% is a conservative estimate for this area.If you wrap utilities into rent, you might lose a bit on the 2/1 and studio, but it keeps things simple.Takeaways:Even with conservative budgeting, the deal looks solid for cash flow.DSCR loan works here since your actual income isn’t needed for qualification, but check prepayment penalties if you plan to refinance.Consider documenting all systems and unit conditions for future resale or refinance.

On my listings, we sometimes will state "seller to do no repairs" but generally buyers are welcome to submit any/all requests they want.

It’s important to run the numbers carefully, stress-test your after repair value, and avoid letting emotions push you past your margins.As we kick off this Monday, I’d love to hear from other investors.

Maybe edit the title of this post to attract local agents.And maybe try out the deal calculators on this platform, I believe you can analyze 3 deals for free -you didn't provide any numbers here for us to really chime in.It doesn't sound like this is your first cruise so I'm assuming you have a team assembled and cash reserves in place to cover vacancy/cap x, and repairs etc..I wouldn't kill myself to find a cash flowing deal at the moment - those are challenging right now, but I would more so strive for something that allows you to break even.

If a seller has a property that appraises for 77k and is asking for the refinance price of 60k on the listing but an inspector comes in and claims it needs 30k in repair.

DP3 includes loss of rents coverage, so your income continues even if tenants must move out during repairs.