In addition, move in fees can only be less than 1/2 of the 1st month's rent so every time I do the math I get less excited about them.

Hi everyone,I'd love to check my math. 

I have a few for fun sake however based on the math you are right these are not financially the best options.I am looking on this as an income stream however I self manage and am a type A personality that would struggle with management. 

Agents who make suggestions with thought and math behind them not agents who throw any old property at you. 

I cross referenced against my calculations and am glad to see everything was pretty similar (reassuring to know my math is on the right track!)

I have primary been looking at the first property to be closer to a turnkey or with sub 10k make ready costs and secondary property as a fixer upper (30k-40k make ready cost).

Sellers don't want to deal with the secondary FHA inspection, and then have to do for example exterior paint in the middle of the winter, having to delay the closing. 

For sure better than this article:https://www.wweek.com/news/city/2021/01/30/portland-is-the-new-pompeii-according-to-forbes/I keep looking at the math though.

If established, the bank would be willing to do an acquisition loan and a secondary construction loan, the cash out refi.

I am in secondary education moving back to GR here in the spring.