The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

I viewed the insurance to be property insurance (fire, etc) and not asset protection. 

what were some things that drew you to these specific properties?

After about 10 years I have accumulated a fair amount of small multifamily properties. 

I'm looking at properties in Kentucky and Tennessee currently for LTR.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Cost efficiency while enhancing the design and functionality of the property What was the outcome?

Hi Shelby To determine rental prices and demand in a neighborhood, start by researching comparable rentals in the area, focusing on properties of similar size, type, and amenities.

If the property can service the debt at 90% leverage between a senior 1st and the seller second, you're looking at a good investment!

I have a preference for cash-flowing properties, but they are hard to find in my area.