The house hadn't been lived in for about 9 years so there was no utilities there and we started this rehab in October and then winter came and we were working in a house with no electricity and no HVAC when it was literally 10 degrees outside.

The house hadn't been lived in for about 9 years so there was no utilities there and we started this rehab in October and then winter came and we were working in a house with no electricity and no HVAC when it was literally 10 degrees outside.

Instead I utilized the calculators to determine my number.

Whereas before with a flip or wholesale, the focus is primarily on the repair costs and the ARV, but with multifamily or generally all buy-and-hold investments there is a lot more to account for: taxes, insurance, maintenance, management, utilities and reserves.

If for rent, what are the rents and would they cover your mortgages, taxes, insurance, repairs and utilities?

With keypad locks, owners of long-term rentals do not have to worry about changing the locks after each tenant turnover, they just need to change the code so money is saved in the upfront investment.These are just some ideas I see real estate professionals utilizing in the future to help maintain and grow their business.

If you put a lot money into that ROTH 401k platform early on you will be able to utilize it as your cash reserves for real estate investing, and also have the security of knowing that your retirement is taken care of.

Are the utilities metered?

I'll update my profile today and start to utilize my BP account more wisely to reach a bigger network.

As a side note, in 2016 I set my daughter up to run a STR utilizing AirBnB in NYC; three apartments in one building.