This reserve amount represents roughly 2–3 years of projected repair costs, which might be a conservative approach, but it gives us a buffer for unexpected, high cost repairs when they pop up.With a larger portfolio, the reserve pool wouldn’t need to grow proportionally, as funds and repairs can be balanced across properties, allowing costs to offset each other over time.

Drawing with one plumbing line for all 8 units and drawing a more efficient separate water lines to each unit is the same amount of work for him, just the former being wasteful for the long future as a landlord.

It's not going to bring in massive amounts of money, but for bringing in some income with very minimal efforts, structures needed, or upkeep, it's great.  

You can do this without a coin-op feature, but then you have to bill the tenants for small amounts which is just one more thing to have to track and follow-up on.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I think it would help as it would save consumers up front closing cost and a pretty significant amount of them..

Lending is way more passive than buy and hold.That all said, if the amount of the investment is great enough, my advice would be to do both.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Is it possible to cover your mortgage taxes and insurance through what the average market amount is in the area?