Rent $12 /Year - including All expenses  Current owner spent - significant expenses on repairing HVAC - new condenser, Chiller ,Boiler Elevator Repairs 

Ideally, along with your mortgage payment, you’d want to set aside funds on a monthly basis for repairs, vacancy & capex if applicable.

Hello BP community,I'm a landlord in California, and I'm dealing with a situation where my tenant is refusing to pay rent for the time during which mold repairs were being done due to water damage from a neighboring unit.

When i did the rehab I did all the repairs.

You still need a downpayment, closing costs, inspection money, repairs.

You may already know this but as a good rule of thumb if Property purchase price plus rehab is less than or equal to 70% of the After repaired value you are going to be a winner 9/10 times. 

Tips include finding multi-unit properties, living in a unit for a year, property management planning, budgeting for repairs, networking with local investors, and focusing on long-term goals.Good luck!

Smaller facilities have smaller operating budgets so any one bigger repair or required maintenance item can blow your annual budget.

However, navigating the legal and financial complexities of Subto deals requires careful attention, so I’d recommend working with a real estate attorney to ensure everything is structured correctly.Securing private money for the closing is a smart move, but ensure your terms allow for flexibility in case of unexpected repairs or delays in cash flow.

My recently departed tenant's deposit was not enough to cover all the repairs (repairs NOT due to normal wear and tear).