It is also helpful because we are Realtors and real estate investors and it provides a cushion for months that are leaner than others.

I have a tenant who lives in my very nice three bedroom unit whose lease provides a pet authorization for “one dog, one cat and one rabbit.”

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

@Martti Eckert here's the big issue that no one really talks about that you hopefully find helpful (this is copy & pasted):-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I'd like to simply buy a turnkey rental and make cashflow but I understand that's easier said than done and turnkey properties likely won't provide me ideal ROIs.

I’m in the Denver market, and can help provide info and my take on the market and what works best! 

Have you talked to the utility provider to see if your bill is above or below average for a building of that size and age?

Since costs of living depend on the area of the country, this will also influence hourly rates.Again though, Google AI can provide answers!

The property can only be vacant for so long without notifying insurance so when the prior tenant moved out could be impactful here.

This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.