I’d also add a clear change order form, a final punch list sign-off, and a basic warranty statement—those three are where most disputes happen.

I will also admit at this point we are comparing apples to light bulbs since RentRedi was only costing me $59 per month and DoorLoop will cost $200+ per month and for those that have a lower unit count and only need basic services the RentRedi cost should outweigh the beta tech.

It seems straight forward, However I am struggling to find a way to basically enter MY OWN specific clauses...

I am basically having to start from scratch and I want to get into owning multifamily properties, starting with house hacking my first property.

Basically after the house was under contract, this guy broke in my house 5 hours away and started showing it to people to get rent deposits from them.

I basically did a sub-to and gave the homeowner 2k, paid the back payments of about 4k that my sister lent me and we did a note for 3k more for the homeowner when I sold the house.

They basically give you full autonomy but provide back end support.

You’ve just joined one of the most supportive communities for learning and growing as a real estate investor.If you’re just starting out, our beginner guides are a great place to learn the basics: biggerpockets.com/guides.

But like any investment, success comes down to knowing your numbers and avoiding common pitfalls.Let’s break it down.The Numbers That Matter MostWhen you’re analyzing a deal, here are the metrics that should guide your decision:Cash Flow: Your rental income should exceed all expenses, even after you factor in the unit you’ll live in.Cash-on-Cash Return: Aim for at least 8–10% return on your invested cash.DSCR (Debt Service Coverage Ratio): Anything above 1.2 means the property easily covers its mortgage.Price Per Door: Compare with similar multifamily units so you’re not overpaying.Cap Rate: The higher, the better—just make sure the risk and location make sense.These checkpoints act like your compass, helping you spot good deals and avoid bad ones.Quick Reference: Summary TableHere’s a handy table you can use when evaluating your first (or next) house hack:Metric/TopicWhat to Aim ForWhy It MattersCash FlowPositive after all expensesEnsures property isn’t draining your savingsCash-on-Cash Return8–10%+ in most marketsMeasures efficiency of your invested capitalDSCR1.2+ idealShows the property can comfortably cover debt paymentsEquity for Refi20%+Required for conventional refinance and to drop PMIAppraisal PrepWell-documented improvementsHelps justify a higher property value during refinanceBeginner Mistakes That Can Sink a DealEven great properties can turn into headaches if you overlook the basics.

We are now faced with the following options fro renovation:1) Basic rebuild with minor upgrades to layout (better lighting, better bath, a bit more open), materials for 89K.