At the end of this, it's not a matter of whether you'll have a pot to piss with, it's whether you'll have something to piss with.If you tell me I should be more constructive...you don't need constructive.

I’m new here, no selling experience or anything...but, maybe some flowers along the driveway and a potted palm or banana plant where you have the one potted plant ?

I'm very new to the investor game, so my goal with the first purchase is:A place that my partner and I would want to live in for 1-3+ yearsCap Rate of 3-4% minimumCash flow as close to $100/a door as possibleHave cash leftover to (A) start the slush fund for this property, ~$5-10k and (B) less vital: start building the pot for Property #2 within the next 2 years Note: I am semi risk-averse, not looking to over leverage right out the gateI'm looking for this first purchase to be a base hit, not a home run, as @Brandon Turner says.Property 1:DuplexPurchase Price $275,000Rental Income: $1000/unit Location: North Side of town (Northern Barton Heights), up and coming.

I don't know any details about your location or the property, but I can tell you that purchasing turnkey means you are paying a premium to get a property rented and ready to cash flow, which means the return will be lower for you because you are voluntarily giving up some of that return for the convenience of not having to do the leg work up front.

I could easily state that my kitchen knives and crock-pot have achieved a nearly incalculably high internal rate of return.

Unless they leave voluntarily, you would need to pay them the mandatory relocation fees which could cost $20k or more per unit depending on who occupies the unit.

You pay all the utilities; you need a full unit of furniture and decor; you need plates, utensils, pots and pans, glasses and cups, coffee maker, toaster and basic cooking supplies; you need linens and towels, soaps and shampoo and conditioner and blow dryers and basic bathroom supplies; you need laundry soap and supplies; and you have the cost of cleaning on the turn (usually charged to the guest but you still have to manage it).

@Web Annacius you have to honor the existing lease unless the tenant voluntarily agrees to sign a new lease or unless the tenant breaches the lease. if the tenant breaches the lease you have leverage to get them to sign a new lease, but I've read NJ is pretty tenant friendly so you may not get as much mileage out of a lease breach as we do in ohio.

Use the inspection to learn what needs to be done, not only what the inspector checks but everything in the place - furniture, small appliances, silverware, pots, pans, everything. 3.

She was a pot-stirrer who always had trouble paying her rent anyway...in fact, I evicted her in Dec...so I didn't necessarily pay her a lot of mind with the complaints, but did text the main tenant for the large family a couple times to please be mindful of neighbors.However, when we were doing showings, I noticed they did have loud music blaring a lot.