Quote from @Laura Higgs: The Roi combined for 3 duplexes after repair will have an ROI of 4.47.

For BRRRRs, make sure to focus on accurate ARV and repair numbers.

. - You have no recourse against an agent or PMC once you pay them for the placement and it turns out to be a terrible tenant:(If you have the time and network and post here for assistance, it's always a good idea to learn the rental business from the "ground up".Of course, one mistake can also cost you thousands of dollars.

Cash Partnership 50/50 on both the purchase and repairs.

Just recently got hit with a 10K sewer line repair.

.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

Do you assist with rental management in the 53206 zip code maybe around 16th /North?

-What about repairs, capex, vacancy? 

A new owner in the condo building is worried about them and wants them repaired.

In my area a house call for locksmith is going to cost $75-100 just to walk in the door, so $135 all in is not that big a deal.Not a hill I want to die on....... use it as a learning moment for the tenant- ALL repairs need to be approved by you BEFORE they are done.