Those in themselves are great education.Degrees won’t help you much unless you are trying to get a job at a large fund.

Hope this helps.

Good property management will help to eliminate tenant turnover.  

If you need to cover utilities, the numbers tighten significantly, making a lower purchase price essential.Let me know if you have any further questions or want to explore these numbers in more detail—I’d be happy to help! 

any help would be appreciated.

Thank you Daniel for that very helpful information.

My long-term goal is to build a portfolio of multifamily rentals while also working as an agent helping investors scale their portfolios.Your experience sounds incredible!

This is where having contractors setup early will help you tons. 

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.