I recommend you do this annually to adjust for utility increases and other variables.

That’s a big plus for anyone trying to keep consistent cash flow.But there are cons too: extra paperwork, annual inspections, and generally a bit more red tape.

TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Maintenance does not require owner's approval - RL reserves decision what to do when, cheaper plans have higher limits and all are at RL's discretion * Refuses to manage in many parts of townLonger versionSigned up for their service after a few conversations over the phone - owner stressed investor-friendly approach.

Before a walkthrough and before signing a contract is it appropriate to ask the seller of a small multi family for:1.Rent Roll2.Property Tax Bills3.Utility Bills (last 12 months) (landlord pays all utilities)4.Income & Expense Statements (summary)5.Lease Agreements (Sample or Overview)6.Recent Maintenance Records (summary)7.Capital Improvements Summary

Looking at rates today, if I were to buy a property for $125k and have a $100k mortgage, the rate would be 6.25%, and with a 30-year mortgage, that's $7.5k of annual mortgage payment.

We certainly have maintenance issues popping up here and there, however when and what issues are not predictable.

This is neighborhoodscout stats- since 2000: 287.98% or 5.75% annually which is 10/10 nationally- for last 10 years: 125.30% or 8.46% annually which is 9/10 annuallynot bad but not that impressive until you factor in leverage.

Rents increase 5% annually on average here.My mom is excited about the opportunity and is willing to contribute her 401k towards the 15% down payment on a hard money loan or less if we find private financing.

- DSCR = Net Operating Income / Annual Debt Service - If the DSCR is above 1, it's generally a good sign.- You mentioned you don't need the money right now, so holding onto the property could provide long-term rental income and potential appreciation.Here’s what you should consider:- **Financing Costs**: If you decide to rent, ensure you factor in all expenses, including mortgage payments, property taxes, insurance, and maintenance.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.

The property was empty for 2 years and the seller was retired and did not want the maintenance therefore looking to get rid of it (2-unit building in front and ADU in back).