Usually companies are charging 10% on top of maintenance repairs, in addition to one months rent as a placement fee for leasing unit.

Any home you buy with $20,000 is likely going to be a fixer-upper, which means it can be heavy on repairs, turnover costs, vacancies, etc.

You should ensure the property is inspected regularly, maintain climate control to manage moisture and temperature, and address small issues like leaks or cracks early to prevent costly repairs.

Think about capex and repairs. 

I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.

On paper we were slightly in the red but much of that is due to one-year expenses/repairs & allowable transportation costs to get up to the property for work days ourselves. 

There are a few Niche investment types like section 8, assisted living, sober houses, etc.

After a few too many midnight leak repairs, she wanted to offload it but didn’t want a big tax hit.

Ensuring transparency and efficiency in managing owner resources is critical1.Clear Communication on Costs: Provide owners with detailed breakdowns of repair costs and explanations for necessary expenses.

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