I got a very good price on the building (about $25k per door), but it was a ton of work as in addition to tenant issues, there was TONS of physical distress (foundation repairs, sewer line and water line repairs, electrical upgrades, new roof, and apartment renovations needed for all units). 

Then my wife went to a 3-day training herself and ended up signing up for the 40k course and an additional 25k coaching course.

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

We added two firepits, multiple lounge areas, barbeque and eating area, stargazing chairs, yoga mats, games, large screen TV for movie nights, music and more.

Here are a few additional insights that might help as you transition into multifamily:First, when scoping out deals, relationships are key.

Additionally we keep the total security deposit until ALL the tenants move out, so the leaving party won't get their security deposit back until the last party leaves. 

The longer the maturity rate of the bond, the higher the yield is to compensate an investor for the additional risk they are taking on with a longer dated bond.Stocks that pay divideneds....insurance companies have a lower yield than telecom stocks as a reflection that telecoms are higher risk than insurance companies.In the efficient market hypothesis, if markets are efficient then the yields should be reflective of the risk.

Additionally, I wholesale deals and we buy & hold in SE Wisconsin.

Do you eat your crow with ketchup or with Sriracha?

Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future.