We signed P&S agreements on 6 different properties totaling 20 units approximately 8 months ago and received a call today that the price we thought we were buying at has to-be increased on average 13% due to the increased cost of construction.

As prices increase, fewer people can afford to buy homes, forcing them to rent.

Repairs ($5k): Increase to $10k for unexpected issues in a 4,000+ sq. ft. property.Total reno costs will likely fall between $180k-$210k, not $145k.

To just make money is not enough.Michael Gerber, author of the E-Myth  said it best in an interview.  

If you generate enough money annually to dismiss a W2, then consider covering the ever increasing costs of retirement & health care and those do not go at inflation metrics but usually way higher. 

The property has a 3 car garage that could be rented to tenants to increase ROI. 

I want to dispel the myth that laundromats are passive income.

Relative AffordabilityDespite recent price increases, Buffalo’s housing market remains more affordable compared to many other U.S. metros.

Partnering with investors to share profits is another avenue to increase capital.

I've added a few things for very minimal cost that guests really love and increased revenue ~34% year over year.