If you rented for $2800 and after expenses profited $2000 per month or $24k per year that would be a 4% CoC return basically on your $600k equity.

For a STR DSCR loan, the actual or projected rent has 20% of the income deducted for expenses and then the leftover rent money is weighed against the new mortgage, property taxes & insurance and HOA (if applicable).

My partner and I are preparing to purchase our first investment deal, and after years of studying our local market and saving capital, we believe we’ve finally found the right opportunity.The property was originally purchased by a flipper who began renovations but ultimately had the project red-tagged by the township.

Single-family homes are a good way to start because they’re simpler to manage and you can learn the basics of tenant screening, maintenance, and cash flow without getting overwhelmed.If you’re thinking about multi-family down the road, start by analyzing 2–4 unit properties in the area.

Their response was basically: "Yeah, that tracks.

Investment Info:Single-family residence renovation investment.Purchase price: $45,000Cash invested: $43,650Sale price: $135,000Contributors:Peter VekselmanPartner Driven partnered with Preston Moore on a renovation project in Guntersville, Alabama.

Project = Time + Money + Scope... 

You can easily add your different stages or projects.

You have to look at projected market rate rents in the upcoming 2 years.

Projects almost always go over time and budget and besides the emotional brain damage it can end up being financially damaging even on a long term investment.On the flip side of the coin, a lot of my clients are looking for a second home, and maybe a future retirement location.