Tom uses his electronic white board to explain the concepts right on your screen.

Read some of the old school books on investing to get your mind working and to understand some core concepts.  

One of my early mentors said to me "the three most important things in lending are ability, ability, and ability" (so, basically "capacity" in "the three c's of lending".

This only takes into account the monthly payment you're trying to buy and in essence you do backwards math till you work your way into a maximum loan amount or purchase price usign this 46.99%.The backend of 56.99% or 10% higher than your front ratio of 46.99% just means you have 10% of your monthly gross income for all your other debts like car loans monthly student loans credit cards etc (other debt basically), you cannot exceed this otherwise it will reduce your front ratio vice versa (IE if your back end stuff is 20% that only leaves you 36.99% for our front ratio = total of 56.99%).You can payoff debt, get a raise at your job, you can buy down your rate, get a cheaper insurance quote, have your brother refinance your car off your name, etc (strategies to reduce your DTI to increase your borrowing power).

You’ve only got about $1,583/mo in principal and interest, so the building makes sense during the rehab/lease-up phase.But once you refinance, your new P&I shoots up to a little over $5,000/mo, and that’s basically the whole issue.

I’m a landlord who tried TurboTenant because they advertise “free” listings, but the experience has been frustrating and disappointing from the start.Support is basically nonexistent unless you pay.The free version only gives you an automated bot, which is useless.

It sounds like you need something that’s more than just a basic rent collection app, but not as heavy and expensive as a full property management system.

Start with the most basic feasibility numbers.Before you decide whether to build or sell, get clarity on the two most important variables:What is a new construction duplex actually worth once completed?

I work with new long-term rental investors and help them understand DSCR requirements, rental underwriting basics, and the difference between buying “cheap for cashflow” vs “better area for long-term appreciation.”If you ever want help running numbers, evaluating a potential market, or comparing how lenders look at different deal types, feel free to reach out.Louisville, Indy, and Wichita all have pockets that can hit that 5–10% CoC you’re seeing, especially under 100k, so you’re definitely on the right track with your research.Happy to help however I can as you get ready for your first purchase.

I always get the landlords email and email them with the basic questions of verifying the data listed on the app.