You need an attorney who has specifically structured deals around lines of credit, or you’ll be relying on internet folklore.5.

Marco,I'm extremely close with a RE attorney who got a template off the internet and then customized it. 

Utilities are one of those things that can quietly kill your cash flow if you’re not careful.Some hosts offer “all-inclusive unlimited.”Others cap electric/gas and charge overages.Some even separate internet vs. everything else.Curious how YOU handle it.Questions for the group:-Do you include all utilities, no limits?

I find that they along with “internet lenders” tend to have the very worst appraisers.

Internet is spotty. 

Boring day on the internet?  

I love designing “executive-ready” units…But many hosts think they need to spend $10k+ to make it happen.Not true.Here’s what actually matters:✅ workspace✅ fast internet✅ blackout curtains✅ comfortable mattress✅ clean + neutral aestheticSkip the luxury decor shopping spree.How have you positioned your units to attract higher-tier guests?

Robert, great question – I hear this a lot.The biggest underwriting pitfalls I see over and over aren’t the formulas, they’re the assumptions:Underestimating taxes, insurance, and utilities (especially after a sale when taxes reset).Being too light on repairs/CapEx – roofs, HVACs, turnover costs, and unit upgrades.Not stress-testing debt: DSCR at higher rates, lower rents, or slightly higher vacancy.Assuming rent growth and exit cap rate that are too optimistic for today’s environment.Having one “master” spreadsheet that tries to handle every deal type and ends up clunky and hard to trust.Most investors really need a simple, custom template tied to their specific buy box and risk tolerance, not a one-size-fits-all model from the internet.

Also added mailboxes for box units and new water heaters for both units (plus a new electric meter for the other unit and internet hookup).Apt A (two beroom, one 3/4 bath) rents for $2200 and is occupied.Apt B (one bedroom, one full bath) rents for $1450 and is occupied.The problem I'm facing is with the refinance.

Brian, this is one of those areas where the “internet logic” breaks down because insurance classification isn’t based on attachment, convenience, or replacement cycles.