What I like about multifamily is the splitting of costs.

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key! 

Your cap ex will catch up with you.  

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.  

Even 600k loan at 10% interest costs $165 a day.

Hi Chris, As financing costs will be a big factor in determining profitability, you should be asking HMLs for proposals to fund. 

When a PM does charge a markup, he's usually getting a discount on the service to keep the cost stable.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.