TENANT PROFILE: tenants are the biggest influence on Neighborhood and Property Class.- If you don't believe us, think about what will happen if you put several Class D tenants in a Class A apartment building.

I was initially drawn in by the low fee, which has since fluctuated, but may still be the lowest out there.

Any advice is always appreciated.I have been BRRRR-ing in Milwaukee since 2008, if you look on my BP profile page you'll find a video.

I applaud you for putting it out there but 1) maintenance/cap ex is far too low for a duplex 2) no PM. 3) vacancy at 1% will be challenging if achieving near market rent.

Rates are usually in the high 8s or low 9s, and you are likely going to pay 3-4 points for these loans. 

High credit scores and low DTI are often required…and these take much longer than I first thought…Navy might take 45 days to get through the gauntlet.  

Looking at this mathematically, if you assume a 50% non-renewal rate (industry standard) and use the low end of the range of $5,000 per non-renewal, there is a loss of $50,000 per year on a 20 unit property.

It was high rent, low entry point area but within 6 months I dealt with an eviction and electrical issues.

Keeps costs low and guests satisfied!

An emergency fund needs to be liquid, and immediately available to you in addition to being low risk and protecting principle.