I can make pretty accurate predictions now for my market if I know the bedroom count, location, and when it was last updated =)

My sister and I are currently analyzing single-family and small multifamily rentals in Cleveland (Cuyahoga County), and we’re trying to get a more accurate estimate of property taxes for deal analysis.We know that the current tax amount shown on the Cuyahoga County Property Search site is based on prior assessed value, and taxes don’t always adjust immediately after a sale.

If you want to get rich tomorrow, gambling is the only way to go. 

Another one will show up.If you get those five pieces right, your first project becomes a controlled learning experience instead of a gamble, and you’ll feel a lot more confident when you transition into rentals next year.

Those will not be that accurate but it is nice to anchor to a number and then refine later.

The spread sheet is only as good as the accuracy of the information and accurate information only comes to fruition if the investor has the knowledge and relationships to execute.

Monthly bookkeeping and reviewing your financials monthly at a minimum is crucial for REIs for decision-making, cash flow management, tax strategy, etc.Otherwise, you're probably leaving some meat on the bone in your business.Everything starts with properly structured, accurate, and up-to-date bookkeeping.

This is a critical area the IRS closely reviews, so accurate documentation of hours, activities, and material participation is extremely important.Regarding income fluctuations, I recommend using the 110% safe harbor rule to ensure you avoid any underpayment penalties.

However, I came across a YouTube video suggesting that lenders may look unfavorably on this rental strategy when evaluating applicants for a DSCR loan.Could someone clarify whether this information is accurate? 

Big gamble in my opinion. 2.