Keeping cashflow, maintenance and room sharing in mind, Padsplit works best with about 6-8 bedrooms.

So need to already clean heavily to keep them in working order that also looks good.So in this city and building, faucets and fixtures do not last long Before they need to major cleaning or maintenance or possi ly even replacement.For sure if it was a flip property it would make sense to end up not putting one in.

If they are high maintenance, you can also have a talk with them along the lines of if they aren't happy there, they are welcome to give 30 days' notice and not pay the penalty for breaking the lease. 

Are you factoring in regular maintenance, CapEx, turnover costs, or paying the PITI when you have vacancies or a tenant isn't paying? 

This is not a total deal breaker, but am I little frustrated that sellers misrepresented 2 of the leases being annual until 8/31/2025.

Calculate how much equity you have in the house, and then calculate the annual return on that equity.

From my understanding the 15-18% IRR promoted by syndicators generally does not include these tax benefits either, so it is still a fair comparison.AssumptionsI had to make a few assumptions about the property and mortgage interest rate:Property value = $180,000Rent = $1680Mortgage Interest Rate = 6%I also made assumptions related to other costs such insurance, taxes, property management, maintenance, capital expenses and vacancy.

Regardless of the construction quality, that wont prevent double digit annual increases in your HOI.

NSPIRE inspections will more accurately reflect the true physical conditions of properties and ensure that property owners adopt sound maintenance practices to eliminate health and safety hazards that may pose a threat to residents.

You only need a place to track tenant information, payment history, maintenance, etc.