If it is higher than that, most lenders will want a clear explanation or will haircut it.On operating expenses, the right answer depends on age, condition, and management quality, but for B and C class multifamily in the Southeast, a 40-45% expense ratio is a common baseline.

And yeah… LA can work, but the margin for error is razor thin unless you’re very strategic.A couple thoughts that might help as you ramp up:Get very clear on regulations early (especially STR/MTR — city and county rules can make or break a deal).Build a small but strong local team in whatever out-of-state market you choose before you buy.Don’t underestimate how valuable your skill set is — high-quality photos/video/drone work is huge for investors, agents, and STR operators.BP is a great place to learn and contribute, and offering real value like that is how relationships actually turn into opportunities.Glad you’re here — looking forward to seeing you around the forums.

In quality markets the cazhflow typically comes strong in year 3-5+ after rents have grown and mortgage stayed the same.

The numbers can absolutely pencil on sub-$150k SFRs, but success hinges on micro-location, housing stock quality, and realistic rent assumptions.

However, quantity of communication should not be confused with quality of resolution.

Avoid courses and gurus who will teach you a magic method or try to razzle dazzle :-) Feel free to reach out.    

Fix and flips and rentals are a great place to start, especially here in Dallas where there is plenty of activity and opportunity.If you want to plug into the community fast, there are a lot of high-quality in-person meetups happening every week across DFW.

Buy the ugliest house on the best street you can afford and fix it up to the quality of the surrounding properties to make it worth as much as those.

Quality tenants aren’t easy to come by, and there’s no guarantee that you’ll have this smooth of an experience if you re-lease the property to someone else.

No one reported a verifiable deal even after their glowing post.Like This:PACE MORBY GATOR METHOD COURSE REVIEWhttps://www.biggerpockets.com/...Personally, I push for people to use their money to do a Joint Venture with someone who is experienced and learn from that someone, that which is necessary to close deals.