Have reserves for vacancies, repairs, and closing costs.

@Kwanza P.780 + is generally the highest bucket any rate sheet will have. 

Hello @Evan Thomas Andriola - I only have one property that does not have separately metered water for each unit (a Triplex with 2BR units).

But, if you could not cover the spread between %3 and 6.5% rates, then you won't have much there to entice the CFD.

I have often seen many people love the idea of building, but once they figure out the cost, those ideas change.For reference, here in Chicago, you can expect new builds to be between $200-$275/SF depending on MANY factors...that's just a very rough ballpark!

Meanwhile, I have 10 units management experience. 

Never put all your eggs in one basketread the PPM and documents and have an attorney review understand what your investing in, fees and hold Timeunderatand their track record a lot more to consider those are just a few 

I have a potential subto deal, that could be a great cash flow opportunity for someone, but the entry is a bit steep.

Most new neighborhoods have PIDs or MUDs and that reduces your returns at least 1% to 1.5% for the first 20 years.#4. 

In this low-inventory environment, the right renovation loan can open up possibilities that you might have passed by otherwise.