My team and I are also out-of-state investors, including a managing partner who was born and raised in Toronto.We’ve been investing in Cleveland for a little over a year now and currently own 22 units in the area.

Feel confident turning over management.

Hire a property management company who will manage it for you.

Again, I’m so glad I found RTR and I will definitely be getting more rental properties with them.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

I am looking for my second rental, BP has gotten me in touch with some really great folks in the Rent to Build space and I am researching that in the Ocala/Inverness and Jacksonville areas. 

My company scans and analyzes thousands of properties a day and I can say there are definitely better markets than others!

They had lots of options to reduce cost, they came in at $8k less than the first place, and I could knock even more off of it if I trench the new lines myself (the trenching and excavation prices were pretty brutal, I could hire it out for a fraction of the price). 

My property manager says there was no indication that the tenants are at fault.

I’m a local real estate broker with Keller Williams, and I love helping investors find great opportunities in the area.