In all reality it won't make you any money but it provides an amenity to your renters and will cover the expenses for the utilities it uses.

You should have an inner circle of people you trust like your Banker, Agent and rely on the inspector to do their job.I have closed on many homes for customers that they did not visit first for example they are living in California buying in Indiana, Ohio, Florida or New York buying in Vegas. 

But you also have to subtract utilities, turn costs, starting items (kitchen and cleaning items you give them), and furnishing upkeep/maintenance.

IREM President Libby Ekre, CPM, shares five essential things to look for:Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.Property Type Expertise – Match the company’s strengths with your specific property type for better management.Company Culture – Look for a firm that values customer service and team management.

If you have 4 or more units, you have to prove that utilities are current, and every year you need to get a HVAC Certification.

At any rate, turns out our framer uses Menard's doors all the time and was able to install those despite the plans calling for custom-sized doors.

You would utilize and bridge loan to build the asset and stabilize thereafter with a DSCR product.  

Will tenant still have to be responsible for utilities?

First post!  I'm looking to buy a condo so I can rent it to my daughter and a roommate while in college and then continue to rent it out after she graduates.  The condo I'm looking at just posted for $135K.  For fundi...

There agreement was fixing the place and make the repairs in Leo of rent, but pay the utilities which he hasn't.