say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash. 

For example, we have a minimum rent we're aiming for when we manage other properties because it's not worth it for us to manage a small property.The ideal client is someone who truly wants to be hands off and hire an expert to manage their MTR.

Just reduce there rent by $5 and they will be happy to do it.

I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.

This includes preparing the property for renters, pricing it right, marketing, application screening, collecting rent, dealing with unpaid rent and other lease violations, security deposit disposition, inspections, and so much more.

I was trying to figure out how to raise capital so that I could build to rent a 50-75 apartment unit in the next 5 years.

Just not sure how often they are getting rented

Because for a certain type renter it’s just SO easy to continue renting fully furnished rather than having to spend $20-40k on furniture; come up with a down payment on a house purchase; and or worry about repairs and maintenance.  

If you have nothing, and make nothing, you declare bankruptcy, wreck your credit and try to go back to renting.

We would be able to close out on the loan and rent at a 30yr mortgage, but no big pay out from refinance.