The tenants rental property will cover all of their personal belongings and since you are using a PM company I would assume you will not be keeping any landscaping equipment, tools or possessions at the premises to need that much coverage.

Then I worked with David Meeks to find a few properties, understand the residential RE landscape in each city, and review a few properties.

How do your earnings compare to a long-term rental where the tenant pays for utilities and landscaping?

A 3 stories high 100 units property that sits on a 2 acre land will have a significantly less landscaping (contracting services) costs than a 2 stories  garden style 100 units property that sits on 15 acres of land with lots and lots of landscape. 

So it’s a matter of you feeling comfortable overseeing the project.If you have no experience or knowledge of construction, house repairs, or landscaping it might not be in your best interest to tackle such a project for your first deal.Do you know anyone that could provide the guidance and help you?

If you are looking at a small multi-family of four units or less:Rent RollReview all leases, addendums, or other agreementsTenant payment historyAny violation notices, delinquenciesList of all maintenance in the past yearSchedule of capital improvements in the past 3-5 yearsUtility bill reviewP&L for current year plus the last 1-2Service contracts (landscaping, cleaning, snow removal, etc.)Inventory of all property owned by SellerThere may be more but this is a good start.

Hire and manage a design team, including architect, landscape architect, civil engineer, soils engineer, to produce the initial design concepts and schematic plans necessary to complete the entitlement process.

Many flat parts but the landscape here is such that the home builders are used to putting houses on 30 degree slopes....  

This is definitely below market rate (could probably rent for around $2000/month), but these are unicorn tenants and they are managing the property very well (small landscaping projects, small home improvements).The current value of the house per Zillow is $383,000.I am originally from the Bay Area so we plan to settle in Northern California once my husband is out of the Air Force in a couple of years.

Took care of the landscapping myself rather ham hiring it out.3.