I live in Denver, CO but I have found a great group in Kansas City that provides great single-family home properties that are newly renovated and turn-key for long-term rentals (I'd be happy to connect you).

If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

Something like leaving it unlocked or giving out keys to random people. 2.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Landlord pays water/trash. 3 units well under market (long term tenants over 7 years) market rents would allow for $6000 month ($750 per unit) There is no laundry at property.Turn key investment

@Sharad Bagri When structuring a partnership for your real estate investment, here are some key considerations:1.

They have 8 "patient" beds and 1 bedroom is the house dad's.

He is a great and patient teacher, and after his 1-day class found thru my local Cincinnati REIA, and attending his 4-day bootcamp, my team is now seeking 30-50 unit buildings just to get started.  

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

The key to a BRRRR is buying deeply discounted properties and/or adding significant value through renovation.