When people exchange that 25-30% of income for housing expense to 40-50%, and combine that with stagnant income and increased housing costs for down payment, they'll never be able to save enough for down payment and closing costs. 

By leveraging our combined experience and market knowledge, we were able to secure the property for $390,000.

This combined with the city's approval on a massive amount of construction spiked inventory, then crime went up, and then the rates went up.

Today my wife and I have around $500K in our accounts combined.

The builders basically throw veener stone and brick upfront to make look nice and put laminate and crap like that inside.

From what you have posted this isnt a demanding tenant issue... this is a "you didnt inspect the property very well and fix all the needed items BEFORE the tenant moved in" issueIf your PM is responsible for the post move out and pre-move in inspections, then they did a crap job.

Through a combination of odd circumstances I find myself looking for a new tax preparer and will be sure to ask up front now about expected costs.

Higher cap rates: The combination of lower purchase prices and solid rental income often results in more attractive returns compared to overheated coastal markets.7.

We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.

These guys sound like slumlord pieces of crap who's only profit margin is created by stiffing PM's, Contractors and anyone else they "do business with".