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Updated about 8 years ago,
1 bedroom apartments
I am looking at buying a 4 plex in fort wayne, IN. I have a pretty good feel for the numbers but with this being my first multi family I was wondering if anyone had some insight as to how much turnover I can expect with 1 bedroom apts. I am currently figuring in vacancy at 8% which assumes about 3 months a year. just wondering if anyone had any stories or advice for a starter.
also any other things I should think about when considering 1 bedroom apts.
Thanks!