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Updated almost 4 years ago,
Vacancy % & capEx on multi-family properties in Cleveland
Hello Everyone! I'm looking to invest on a multi-family home in Cleveland. This will be my first multi-family purchase, I'm having hard time calculating possible operating expenses and vacancy rate on a property since most of the properties don't have this information listed. This will help me gain good understanding on cash flow.
I wanted to check what % of income is your operating expense and vacancy rate been so far on average for your multi-family homes?