Cap rate, per door price, gross rent multiplier.

It might be $25K today, but if tariffs kick in next year (or the year after), the cost can rise (whether it is actually because of tariffs or because contractors want to blame it).I would get at least 3 bids and go from there.

I have 12-doors there and live in California.

Is he going to just tell you to knock on doors and write letters, or is he going to introduce you to well vetted agents in your market that are known to source deals and sell for realistic prices?

Further Evaluation (Professional based)Comment 2: Yard wetComment 23/24/25/26/27: Electrical WorkComment 4/5/6/7/40: Glass repairs/sealedComment 28/29/30: Hvac repairsComment 49: Chimney inspected/cleanedRepair (Handyman based)Comment 3: Vegetation removalComment 12: Leaking hose bibComment 13: Sewer cap replacedComment 19: Door knob replacedComment 22: Replace all batteries in smoke detectorsComment 38: Replace clamp in sinkComment 39: Replace dishwasherComment 41/48: Dry wall prepareComment 44/47: Door repairHave you decided on a property manager yet?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Could you elaborate on how not having a balance sheet would affect an 18 door SMLLC with no mortgages. 

I am expanded my door knocking operation to include other people within my company.

Pick an area that is within a 2 hour drive or a 3 hour nonstop plane flight.Get in that market and really learn it neighborhood by neighborhood block by block.Local market knowledge is every investor’s competitive advantage.I do MF deals in Greenville SC where I live and already own 400 doors.

I actually had to make calls to fix the heat and broken doors and connected with the tenants 1 on 1.