I've just signed up so test driving it!

The STR loophole utilizing the 100-hour test that Julio mentioned is the exact strategy I’m leveraging for my own cost seg study this year. 

This is a solid, well thought-out breakdown — especially coming from an all-cash background moving into leverage.At a high level, the deal looks like it can work, but it’s fairly tight once you layer in realistic operating assumptions.A few things I’d look at more closely:• Your utilities at $700/month ($8,400 annually) are a meaningful drag — if there’s any path to reducing or partially shifting that, it would materially improve the deal• The maintenance and capex assumptions may be a bit light for a 1970s asset, especially with known foundation work• With only ~$700/month projected cash flow, even small variances in vacancy, maintenance, or expenses could compress returns quickly• Make sure taxes are fully stabilized at the purchase price — even smaller increases will impact your marginOn the positive side:• Basis seems reasonable for a 5-unit• Rents appear achievable based on your conservative estimate• You’re not relying on aggressive appreciation or proforma upsideOverall, I’d say:👉 It works, but it’s not a wide-margin deal — execution and expense control will matter.Curious — have you stress tested what happens if expenses or vacancy come in slightly higher than expected?

Just keep testing on different platforms so you know what the user experience is like and you'll still find ways to keep improving over time.

We learned that negotiations are not limited to just the obvious points, but also include rebalance tests, recourse, and equity requirements.Negotiation goes beyond monetary aspects.

Hello,I am a First-time investor looking to pressure-test my assumptions on a property that we will be closing on soon. 

I am out of state and have a full service property management company that notified me that they would be doing lead testing in October to comply with the December 31st deadline, so I assumed everything would be ok.

The "more than anyone else" test is the one that trips people up when they have a full-service property manager.

Get preliminary soils tests, wetland delineations, and utility availability letters.  

Mold test.