That said, I would 100% put a cap in the utilities.

My cousin's POV was MTM would be 3-day notice to pay/quit as opposed to chasing after 1-year lessor for defaulting.MTM tenant would not need to worry about rental increase as it is regulated on annual basis in California capped at 10%.

Get the NOI or cap rate.

Let the equity build and pay the lower cap gains tax later.

A debt structure for SFR that's valued by cap rate as opposed to individual appraisal.Im open to speculative conversations but here is the scenario.Tenant: National tenant, operating 4000 leases nationally on single family homeswilling to pay 1% of gross value and sign a multi year lease.

Knowing what you are needed an income property to do inside your portfolio will help you narrow down what initial steps make the most sense for you. 3) New construction can have rate buy downs paid for by the builder and new construction comes with a lower repair and cap ex cost the first 10 years (usually). $450k is a big number when only $2500 in rent is coming in the door.

These markets often offer attractive cap rates and stable rental demand.

I would say as a GP, technology has been super helpful in managing our cap table and issuance of distributions along with making it a lot easier to streamline the process of investor signing documents and sending $.

The cash flow is also eaten up by cap ex events (which are absorbed far easier in the higher barrier/more expensive locations where cash flow may not appear as strong).

You can still look at multifamily properties in your market or just outside your market to determine the local cap rate.