Many property managers tend to focus on physical occupancy rates, but what truly matters is the economic occupancy rates—the actual rent collected.

What is occupancy and rate and how does that compare to your competition? 

Hey @Vanessa Lule, both @Chris Seveney and @John Underwood make good points and Chris's list is right on the money.So is the $3600 a month market rate?

To decrease the amount of money you pay out of pocket you could turn part of the home to a STR or MTR.

From what I've seen, Jacksonville has attractive housing prices and rental rates.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

Private lender will be close to a credit card interest rate for them to finance something like that.

We started raising the rents on the 3 and 4 BR units until the rate of leasing slowed to a normal pace.Fast forward two years and we found ourselves with higher vacancy on those same units. 

@Mike Grudzien @Tim Delaney do you guys think it'd be worth joining a credit union in the city I used to live just to get the rate even if I'm out of state now, will they still give a better rate? 

Many syndicators got into syndications in 2018 2019 and their deals look great but that is primarily due to cap rates going from 7% to 4% and interest rates going from 6% to 3%.