There is REI potential in all countries and situations.Another checkpoint for the future.  

Having one organized set that’s mapped to the standard and state checkpoints is what helps people “fly through” certification across different states.

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.

That saves him from resetting the loan.Once the reno is done in November, that’s a good checkpoint.

Windows would be my next check-point (less than R1) and then wall insulation: I would not be surprised if they have no insulation inside, but you can do blow-in, which only requires a small hole.A home looses heat in two ways: heat conduction (which you can slow down with insulation) and drafts, which in old houses is usually the biggest culprit.

Having milestones (or checkpoints) is needed when having larger goals to ensure you are on track and keep you motivated.

If not, you can always try the more costly no credit/credit check point option, or pay a larger down payment to satisfy the bank.

If you have never been there, you have to go through a Marine security check point to access the city

All funds, coming and going, must pass the security checkpoint first, before moving through the door to the next location.1 - The loan money sits in that account until the borrower/REI has the investment lined up that will make the payments back to the lender. 

I plan for the worst and once I can accept that, then I move forward.Above all, make a plan, set goals, do check points every week on your progress.