I'm going to work with them because I have cash reserves (and I bought some SPY puts to weather the market crash) and I wouldn't be able to fill the unit anyway with the Illinois shelter-in-place order going into effect until 4/7 (just announced).I don't know about you guys, but the last thing I want when this is all over is either a tenant I have to evict because of a global crisis completely out of their control or one that resents me because they had to prioritize rent over food/soap/necessities.You guys do you, but it's insane to me that people are considering punishing tenants because their entire industries are shutdown, especially when all you guys are going to be sitting on your hands for months with pissed off tenants that you can't evict anyway.

And to wrap it up before I get off my soap box:- I like a lot certain areas of Dorchester, specifically zipcodes 02125 and 02122 to the RIGHT of Dot Ave.

(P) Plan our 20th Wedding Anniversary (2025) Greece Trip 8.

@Thornton Drury something ealier would be good for me that day, Parents 25th Anniversary that afternoon 🙂

We refinanced two quadplex’s and pulled out $174,000 of equity to purchase another quadplex on our 15th wedding anniversary.

Medhane Teclay  One of the reasons I want to get into rental properties is access to funds to buy a residence at one of the Costa Rican resorts my wife and I spent our 10th anniversary, in 2015.

A shortage of litigation and someone peaking over one's shoulder doesn't give anyone the excuse to break the law.I now decend from my soap box.

We use the year anniversary for mandatory unit inspections, fee collections and rent increases. 

This includes the basic starter supplies they leave for the next guests - soap, trash bags, etc.

Total Cost: $65,000 + closing costs-------Monthly Total Rent (based on ten comps): $3,162MONTHLY EXPENSES based on current rentalVacancy Allowance 26% (conservatively based on ten comps): $822Utilities (15 trash, 100 electricity, 50 gas, 65 water, 80 internet): $245Supplies budget (dish soap, etc) $30Groundskeeper/Repairs (5% gross income) $158Capital expenses reserve (5% gross income) $158Quarterly maintenance fund (5% gross income) $158Insurance $671.2% Property tax $60TOTAL MONTHLY EXPENSES: $1,698------Monthly NOI $1,464Annual NOI $17,563Cap rate (NOI/ total cost): roughly 27.02% (closing costs TBD)Two specific questions:1) I would like to finance this deal via private money.