A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

The tenant in common nature of the ownership would tell me that you would only be related to your mother in laws portion at the most. 

Because the chances of successfully concluding a wholesale transaction when you lack experience, knowledge and capital are so infinitesimally small that you’d be better off playing the lottery.  

This is a large community and someone might give you some insights on the lender or the loan officer.  

I’ve considered the following options:1.

Norfolk is where the majority of multifamily inventory is located, Virginia beach is zoned much more single family. 

Also, I wanted to convey that the type of investor I describe should on;y accept a quality tenant well above what’s typically considered acceptable in the industry.  

I would like to start connecting with lenders, attorneys, realtors, title companies, and all other professional in the SATX commercial real estate market.  

Esprit if it's causing issues with other (good) tenants and they aren't following the rules of the lease I wouldn't renew.

.: What is the 2% rule ?