@Brian Hudson,I run a turnkey single-family operation in Chattanooga so I’d be happy to chime in.As I’m sure you know, the extent to which a property cash flows (or not) is going to be determined by how levered your capital structure is.

What kind of due diligence did you do on the operator before you handed over your money?

Hi All!I live in Chicago and invest in multifamily on the east coast and in the midwest. Looking to connect with other multifamily investors who live in Chicago. Anyone want to meet up for a coffee and tell me how I c...

The front part of the property is a house, while the daycare operates in the back.The woman currently leases the daycare space and wants to stay, but the seller is looking to offload the property because he doesn’t want to handle the updates or renovations it needs, which are significant.

Now you're operating a triplex, essentially, with 2 income-bearing units, even though the street might be zoned for SFH only, and it's totally legal (assuming appropriate setback etc etc).

I was operating under LTR understanding, but you're right that we're looking at MTR.

I need to create an operating agreement for my rental property LLC. 

We typically take out cash flow 1X per year close to the end of the year based on what is left in the operating account and our thoughts on proposed work to the property the following year.

New homes are going to have virtually no repair, maintenance, or capex needs for the first five or so years, so you’ll be able to forecast your operating expenses and cash flow with a bit more certainty from the outset.Older properties, however, are generally more affordable than a new home of comparable size and build quality, so if you’re after a good deal, you’ll likely have more luck here—especially if you’re willing to look beyond the MLS for deals.

I'm in Orlando and have a couple great contacts here that I personally use, not sure if they can operate in Delaware, but happy to provide their info.