That's just asking for trouble.If you want to consider renting it, focus your energy on finding a good property manager, then follow their advice.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

There are a lot of energy and resources that go into getting the snowball rolling, so that's what I invest in right now. 

Hi Christopher, I'm a realtor in the area and I thought I'd run some numbers for you just to get a better picture of the risk/reward of a LTR vs STR.Currently netting $250 a month on the LTRIf you rented it as a STR on a nightly basis for $135 with an expected estimated vacancy of 56% (average for the area) that's a gross income of $21,681 less your mortgage $17,400 and less expenses such as water electric and internet of an estimated $4200 puts your annual net at $81.To make the STR profitable for the additional work you'd have to rent it for more than $135 a night and for more nights than the Nashville average of 44% occupancy. 

We feel very confident in our underwriting, but given the jump that we made from SFH to an apartment building, we want to ensure we're not missing steps in our DD/inspection plan.Here's our current plan:1) Have a general inspector complete a Property Condition Assessment.2) Have specialists complete an evaluation of the roof, electrical, foundation, and heat source (2 steam boilers).3) Review financials, all leases, existing service contracts, rent roll, tax assessment, rental certificate, and 12 months of work orders.Here's what I'm not sure about:1) Are there DD items (specifically those that we would request from the seller) that are not captured within #3 above that we should be requesting?

So instead of trying to force square peg's in round holes, maybe consider better uses of your energy, how to better get round peg's that fit nice and neatly, and at a nice profit I might add. 

Hi @Mark Mahoney,I'm in the process of buying a house in the NJ area and would like to know what is the average cost of utilities (water, energy, gas) for a 6-8 people sober house from your experience? 

- I know electricity nearby for sure.

New Electric Busses.

Where I lack understanding is at what point do you start making money for example you buy a duplex lets say it was 300k the monthly mortgage is 2,500 each renter pays 1,500 thatd 500 cash flow which is I guess “profit “ but as the landlord you're responsible for major repairs such as but not limited to roofs, plumbing issues, electrical issues that all can be expensive you would have to have money saved so that 500 cash flow is profit but wouldnt it just have to sit in a bank account? 

Instead of trying to structure a deal, spend more time and energy figuring out what's wrong with the property.