Taxes, utilities, maintenance, cleaning, marketing...Gross income doesn't mean squat to your wallet.

Hey Andre, I utilize delayed financing every so often with my clients.

In most situations the tenant is 100% responsible for the initial security deposit payment, and any recurring utility charges. 

Getting the utilities to the RV pad and Start renting it out asap, no roads no landscaping no nothing just the space and utilities.

We faced minimal challenges, as the property was sold quickly without requiring extensive renovations.

But remember that for studios, tenants typically would pay their own cable, electric and other utilities and maintenance, so the gap is bigger than just the base rent comparison.Our tenants have the option of paying an extra $10/week to have a mini-fridge in their room, and $10/week for weeks they want a window A/C unit.

So far with the properties that have looked promising we have utilized the calculated NOI / Cap rate to determine the value and every one we have done has come up way lower than the asking price and in one instance came up less that what the current owner paid for the place initially.

They would side with the tenants saying they had some issues come up and would need an extension.

I truly did intend on just having them complete the Apartments(dot)com application, since it appears to utilize the TU SmartMove screening details that many here boast about... so the only thing that I am concerned on getting signatures for is the Authorization to Release Information when reaching out to current/previous landlords and employer for various verifications.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $167,000

Cash invested: $8,000

My wife and I bought a duplex in 2019 -- we got an FHA loan and negotiated th...