Help me analyze this deal - 2 Family
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Hi Carol, I don't see a budget for a property manager. How are you planning to handle applicant screening, tenant relations, rent collections, property maintenance, etc.? It seems like you've already thought through this deal pretty thoroughly, but I mention PMs because I've heard many folks on the BiggerPockets podcast mention how a good property manager is often the most valuable member of their deal team. It looks like this deal would still be solid even if you budgeted an extra 8-10% expense for one, and doing so might help you avoid a lot of headaches. You could even involve them in the property search itself. An experienced PM will have unique insights on which parts of town to focus on.
Best of luck with this deal. :-)