That neighborhood has low inventory, but very high rental demand and the tenant class is typically pretty solid.

We make the design but we let our landscapers choose the actual types of plants based on season and cost. 

Newly built homes start in the $270s in suburban communities, like Los Lunas and Belen, or low $300s in class A neighborhoods in Rio Rancho and NW Albuquerque.

This includes but business and personal filing and I’m curious if this is high, low, or right in line with what others are seeing.

For them an FHA low downpayment loan is their best shot at building wealth. 

Especially since on a 1-4 unit property you can get low down payments, 3.5-5% down.

For low income (especially multifamily) I would recommend that the landlord take care of all maintenance.  

Does seem fairly reasonable 🤔 went high on the Reno estimate and maintenance costs ect and low on the rental amounts.. so hopefully it will work out better.. 

You might not get as much cash flow with that equity as you would get if you sold and put it into say an apartment building, but with the low mortgage rate you are likely getting some pretty good principle paydown each month and it's in an area that will see good appreciation/rent growth long term. 

When the tenant leaves or there is an eviction, you will be stuck footing all the bills with a low likelihood of recovering it.