It will be a nice house for me to live in for a couple years and should make a reasonable rental property, for which I have a good niche/market to rent in, and should be able to rent at 1350 +/- 150bucks.I anticipate getting the house for 115,000 all in w/ seller reimbursing closing [email protected]% down = $4,025 down@1400 rent/monthtaxes = 2350 (previous year at 55k SEV)insurance ~800?

I could incorprate these changes into the side to be renovated, but retrofitting them into the already completed side would be more difficult.I am looking to hear anyone's experience as to what the cost of a sprinkler sytem/ alarm system might be and if there are other incremental costs or regulations that should be anticipated that I haven't thought of.For the extra $500 per month income and some decrease in insurance costs, I am motivated to do this, but the regulatory hassels are less as a two unit.What do you think?

You name it, it's all going on.Shale gas is definitely having positive economic impact on small towns in south Texas, BTW.It could be a sharp flow to be followed by a big ebb, but we are about three times our anticipated volume for the first month.

We've (posters in this thread) arrived early and we're anticipating the arrival of our long lost friends.

In development cycles there is a under supply,sweet spot,and OVER supply.A certain asset class can be over built and it is often times a race to market on who wins.If your project takes to long to complete and the market gets saturated by that time then you will have to reduce your anticipated rent rates and cash flow projections to bring in new tenants or you will have to spend more on amenities to justify them paying a premium price.Either way it will cost you more money.

But the real exercise is to anticipate taxation impacts.

Get your best budget and build in a cushion for unforeseen expenses that you didn't anticipate.

This is a survey. To restate the question, when you formed your business, what costs did you fail to notice?

All responses are appreciated.

If people see a small increase and anticipate increases in the future they are likely to act now.

My practice is criminal defense, but anticipating problems I am learning about landlord/tenant law and evictions.Any help is appreciated!