Quote from @Tod DuBois: Looks like everyone is using some software tools for various tasks, I'd not heard of most of them.

Additionally the renovation costs are going to be higher as you have to re-draw the floor plans a bit (and add in sprinklers bc its a four fam) but the great news is that you would be able to finish the attic to create larger units on the second floor and get more rents.

I only charge markup on maintenance if it's a larger project that requires more coordination, supervision of the work, and inspection after completion.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

Additionally, when underwriting deals, you need to account for the general idea that repairs and maintenance will be a larger percentage of your rent, the lower your rental is.  

My experience was mostly doing SFH/Duplex/Triplex etc. and had experience in larger multifam. 

When they do, you can refinance to a lower rate.Dealing with current high interest rates (about 7% on 01/27/2025) you have the following choices:A larger down paymentAccept a negative cash flowBuy down the interest rateCombine and balance all three to get an acceptable cash flow today.

Those with little to no experience should have even larger amounts of reserves in place before they purchase real estate. 

For example, I invest in Indianapolis and there's not many 3+ bedrooms with 2+ bathroom MTRs so if I was looking to cohost I would go after a larger property to target the undersupplied market. 

You'd have to stick to tasks like messaging guests, scheduling cleaners, etc.