The property cash flows at a 15% ROI…………………..before insurance, debt service, utilities, management, vacancies, repairs, maintenance, payroll and property taxes7.

For a beginner, it will be wise to start with a property that requires less hands-on management, like a turnkey property or one needing only minor repairs.

I know, you have “repairs”already.

I was wondering what's everyone's process when maintenance or repairs needs to be performed in the rental property.

Looking forward to seeing the relationships you build and the growth ahead!

Over and over, you can be constantly evicting and replacing appliances and doing major repairs.

There is almost zero chance that you bring this issue to a head and they sign a lease with a good future prospect for the tenancy.

Best of luck on the journey ahead.

you mention ARV - what is the cost to repair the property to get it to that ARV?

think about it:-when you buy a property, you'll have a down payment, closing costs, rent-ready costs, costs to get set up with a PM, a commission to place a tenant... maybe some light repairs after the tenant moves in...