So I have had many potentials and only 4 actually move in from this, but worth it in conjunction with whatever Padsplit is doing. 

Definitely would be ideal for where I am at right now, the hard part is actually finding a private money lender!

-when figuring rules of thumb regarding payroll cost per employee/position or things like repairs and maintenance cost, contract services, etc. per door in a specific market do yall suggest contacting a property manager to find out these numbers or actually using google or job listings etc. i thought about using chat GPT as well. any thoughts on this?

We were actually not pursuing real estate when we lived in the area and therefore do not have any agents in mind unfortunately.

There's also a considerable risk that the person you're dealing with isn't actually the owner of the property.

.: So there was a thread that was started a number of days back that is actually gaining quite a bit of attraction.

The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.

I break even, but i actually lose money on management fees. if I managed it myself I wouldn't be losing money., Lessons learned?

Hey Robin, thanks it's actually a creative finance deal with some value add opportunity, so I'm really looking forward to learning a lot from this Nice - sounds like a cool way to start

What if I fix & flip instead of rent, can it pull actual sales comps and group by renovated and estimate the ARV?