That said, I can also see attractive opportunities in other property types and sometimes wonder whether narrowing too tightly to MF early on is necessary or whether it’s simply the most executable starting point.Beyond technical guidance, I think there’s real value in accountability — having someone help pressure-test decisions, keep momentum, and make sure things actually move from analysis to action.I’m not looking to learn real estate fundamentals.

I’d underwrite vacancy and maintenance a bit more conservatively in those areas and stress-test what the property looks like if one unit sits vacant for a couple months. 

The best way to figure out the right rule for your market is to use the BP calculator or your own calculator to test your desired returns (cash on cash, etc.) on a few detailed examples.

Multiple offers are rare but still happen and rents are up year over year. 

I just got escrow rebates on multiple properties and I believe it's because the tax increases were at least partially walked back and/or were a one time hit and reverted back.

Your mindset is strong, the numbers just need to be stress-tested a bit harder.

It’s efficient, scalable, and keeps our properties in top condition, which means happier guests and better reviews.If you’re managing multiple STRs or want to feel less stressed about upkeep, this system has been a game changer for us.

I actually spent less than $3500 to correct the environmental problem, and the state agency provided compliance testing at no charge.

., @Henry LazerowHere you go: Chicago; National Assn. of Realtors:Taxes listed in the Chicago MLS (Multiple Listing Service) for residential listings reflect the actual, current annual tax bill paid by the seller (or as assessed for the previous year).

You’re right rather than having multiple lenders run my credit, it makes sense to wait and re-approach the DSCR process in a few months.