I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

Over a year $200 on a $35-40K gross is nothing, yet over and over LLs want to "set a cap" vs screening for good guests/tenants instead. 

Costs like engineering and permitting can become disproportionately high for mid-size projects.Height and Density: Focus on areas where zoning allows for verticality and density.

Basically the building size is limited by the lot size. 

How would you handle tenant screening?

I am looking at a property that has a garden level/basement with ~7ft ceilings, normal height/size windows, and 2 separate ground level entrances/exits... it backs onto a hill and is roughly 80% above grade. 

You're 4x our size, so always looking to learn! 

How will you advertise, show, and screen applications?

@Vivan Bhalla how well did you screen the PMC?

I wish the answer was you just screen them out but some of them are quite adept at hiding it.