If you have that much equity, perhaps a $1.5-$2M would make sense, but I assume that would be a larger property with more doors.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Put locks on each bedroom door so individual tenants have security of their personal belongings.You need a really good set of rules regarding shared common space, cleaning, kitchen use, bathroom use, etc.Be very clear about the rules up front, and selective about who you put in there.

Police broke down the front door and found 1 girl inside & massage tables in each room. 

@Nicolas Munoz I’ve got 31 doors and the only real tools I use are the BP Calculators.

Hey Ed, I live out here in Columbus, Ohio and I have 4 doors. 

Case in point, in 2017-2019 while facing a severe housing shortage, Minneapolis enacted its 2040 Plan, becoming, “the first major U.S. city to end single-family exclusive zoning, opening the door for developers to build multifamily buildings on lots where a single-family home used to be (NBC).”

I already have one rental property that I own, but want my goal is to reach 40 doors in the next 20 years.

Things like whether a tenant has a key on move day (we use digital door locks anyway) and having to buy lockboxes... these are things clients should not be burdened with.