I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

@Lars Hartvig KristiansenCongratulations on closing your first two properties in Michigan and assembling a cohesive team, having interconnected professionals can significantly streamline operations, especially for out-of-state investors.Many investors report positive experiences when replicating similar team structures in new markets by leveraging referrals from established networks, such as online forums or local investor associations, to identify reliable agents who can then connect to property managers, lenders, and other specialists.

You can also be a Broker-Associate for a brokerage.

Take that ARV minus rehab and all associated holding costs.  

In the case you refer to did the person list the property as an asset and not list the mortgage debt associated with it, or fail to list the asset all together?  

You have all the numbers associated with the build of the property so your cost segregation tax depreciation is much easier to do.

If you are also a PM I would look to see if there is a chapter of NARPM.If you are selling a service to PMs you might check to see if the local realtor association has an affiliate group you could join.

NAR (National Association of Realtors) says the average flip takes 6 months and the average profit is $15,000.

Join a local real estate, investors association or landlord group.

I need a comprehensive solution that can:• Track the property from the initial purchase and closing cost, rehab through ongoing management• Record and categorize all rental expenses• Allow me to scan and store receipts digitally "very important"• Monitor additional costs associated with the properties• Track rental income and proceedsI would appreciate any recommendations or suggestions you might have.Thank you in advance for your help!