That’s what I’m talking about.. having people on the ground who know their turf and can spot trouble before it smacks you in the face.From what I’ve heard, outfits like Northwest Preferred Property Management or Umbrella Properties in Eugene aren’t just running the numbers.. they’ve seen the weird mid-season repairs and the tenant personalities you’ll never read about in a textbook.

Depending on your level or preference of analysis, data and their providers are incredibly important and difficult to obtain when it comes to real estate underwriting.

When you screened them, did their background come up fine except for a couple of evictions or court appearances that they were eager to talk about and had long and detailed explanations for?

This will put me in negative cash flow for the first couple years.

I was working with a DSCR lender on comparing options on a seven property portfolio purchase a couple years ago and the difference between bundling them and doing them all separately was negligible.

Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents

Because to me, a steady income is more worth it at the moment than a couple hundred if that makes sense.

Some people love the larger companies and some people prefer the smaller ones.  

and... if you still want to try LTRs i'd stay within a couple hours of NJ even if you don't get to a crazy low price point - like the lehigh valley.hope this helps. 

This is just how we prefer it, granted not everyone will see it the same.