I slowly built out a solid excel calculator for 1-50 unit multifamily, I can send it over if you like.

I do have some pet peeves but I have learned to work around most of them.

There are things I could do to maximize income, that I'm not particularly interested in, including running more specials, dropping my off-season rates, doing more theming, allowing pets, etc.

I've made a excel spreadsheet that works pretty good and calculates the buy boxes and even automatically calculates loan payments, estimates property taxes & insurance, and even gives a feedback loop of a rough estimate based on the values I've entered.

—Dan Sehy - Gold Crest Holding Thanks, Dan — excellent adds.Sensitivity analysis and institutional OpEx benchmarks are exactly the kind of details that separate surface-level prep from true lender readiness.

You’ll need a hook — pet-friendly, themed for families, near a specific attraction, etc.So yeah — it can be a smart investment, but only if you treat it like a business from day one and know the hyperlocal rules.

There are pets upstairs and just put in new good quality LVP last year, so I'd rather treat the source of the issue (better than I have been) beforethrowing replacing LVP with carpet. 

I have modeled this house hack scenario in an Excel spreadsheet to the best of my ability, simulating the cash flow from the year purchased to year sold, and the average returns look quite a bit higher than 15% which leaves me feeling optimistic but also like I have missed something.In any case, I hope that provides a picture of where I am coming from, and I would greatly appreciate any advice you have.Blessings to you. 

They are excellent! 

I plan to use excel for the time being, but I have also heard good things about the Stessa software for expense tracking.