I’m guessing there are plenty on people on here that don’t know as well, which is why I’d love to hear some responses on this so we can all learn. 8 units: 380k --- Gross rent annually 60kIt would be between 2-3 people total.

His benchmarks for a hold property were $200 cash flow monthly12% cash on cash return15% total return These number cannot be the same for the BRRRR approach right?

Totally agree!

@Macy Stevenson I was stationed at both Hurlburt and Pope (Ft Bragg) when I was in and you’re probably going to have to be an E-4 with 3 years total time in service before you can move out unless the dorms are at capacity (which won’t happen at Pope).

Now per month, that is $940 a month total that I am paying towards debt.

Would the total amount owed on the trailers be added to the capitalized value?

Im not quite sure if by the TOTAL GROSS MONTHLY RENT option, if I'm supposed to enter the current rent or the future potential rents at market value.I guess this question can be asked in regards to analyzing any potential rental, not only Brrrr. 

I got caught up in that license thing I totally forgot to answer the actual question.  

What was the total amount lost?

Also, your line isn't based against your total equity but rather your available LTV against the properties they will take a 2nd position lien with a commercial HELOC.