Your client is financially incentivized to minimize your slice of the deal so that he can maximize his own.

Any way I slice it the cash flow is negative, unless of course nothing ever needs to be replaced, no Tenants ever move out, and nothing ever goes wrong, and you manage the thing yourself from long distance.

The best part was that the numbers for cash flow were great, so the appreciation was an awesome bonus.There is a shortage of affordable housing in Phoenix and while there are tons of huge newer complexes, the rents at those places are generally higher. did you buy in PHX or are you talking about  Omaha.. the same thing happened in Vegas friend of mine was buying 4 plexs there in 2011 2012 for 140 to 160k he had to put in usually about 7 to 10k a door because they were kind of trashed.. and now they are approaching the 300k range and climbing.. its all about JOBs and blue collar jobs you have those you have your 600 to 1000 dollar renter without them ( that labor force) things start to go downhill.and this is one thing I have been mentioning those that jumped into the game 5 years ago the rising tide raised all boats.. it was a slice in time.. so now we since this continual whining on BP hey there are no deals.. 

Although we talk about not getting emotional when investing, it is hard when it is next door to your little slice of heaven.Lower starting price can actually drive it higher in the end.

So far I think BP is the best thing since sliced bread.

Most folks do mailing lists to out of town owners and then slice the data from there.   

Anyway you slice it with the exception of a really expensive one in the Chittenden County area most averaged around 6-8% when you looked at total fees annually over gross rent.

Our home will be build with the main wall of the family room sliced off significantly (picture below).

The slicing and dicing creates these situations.

The owner was a man going by the name of Bret Miller.