Include all expenses like property taxes, insurance, maintenance, and property management fees if you’re not managing it yourself.Network Like Crazy: You’ve already made a great first step by joining this group!

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

I know of some folks in KC and Memphis doing new builds like this, but they are doing it within a much larger and long-term project that includes upwards of 300-500 units built over the course of 5-10 years.Assuming you're looking in Columbia, do you have a "B+/C" neighborhood in mind?

Even when I self manage I include pm because it is work and I do not work for free.

Deductible expenses include renovation costs, loan interest, and holding costs.

Does that include utility service to the house, a driveway, septic and well? 

This is a big one  this disclosure must also be in all advertising of the wholesaler including SM.

Most, if not all screening tools do not include a comprehensive rental screening with a renters prior rental rating like Mayistay. 

The tenants pay all utilities including sewer and garbage. 

In any contract you don't typically need a clause saying what you CAN do, its assumed you can do anything legally allowed as an owner including sell.