Jared Provost 906-362-1801raincitycapital.com Middle Man Broker Fees LOL There is absolutely nothing wrong with an experienced Broker finding a solution for an investor and charging a fee for a service they provide.

I suggest using a service like Mayistay.

hard money is typically: some amount down + points to get the loan + interest to service itso if purchase price is $325K, you might be able to get 10-15% down from your own cash + the HML for the restit's not clear from your post what is going where

After a $500 plumber bill I no longer wish to continue stressing out about this business; at the beginning (10 years ago) it was fun and challenging, now, after seen how we are the ogres (landlords in general), the outrageous government response with the eviction moratorium during Covid, the raise in taxes and insurance, service people who charge you more than a brain surgeon, the fact that this country is becoming dangerously socialist and the tenant drama I finally decided It is time to look elsewhere for investments.I just cannot find any information of what to do when I sell my properties.

Quote from @Ricardo Polanco: Good evening everyone, I am evaluating the possibility of buying a multifamily property in Scranton, at this moment it has 2 apartments that only need cosmetic repairs and it has a big 2nd floor unit that needs a full repair.

This is just my opinion and most likely wrong, but the US and its printing of money put themselves in this hole where now their debt is expensive to service which is why rates are high.

LL would have no incentive to paint, update flooring, etc.  

The Notice needs to be sent to each tenant by both proof of delivery required service from the post office as well as by certified mail to the last known address.

As for turn over cost I would save for new floors and paint obviously every house is different if you have a 30 year old oven then add that in to but as a rule of thumb save for paint and new floors.

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