Sold for a good profit to an investor.

Chris, you’re OLD school,  save, invest, profit, reinvest.  

It provides in-depth insights, including valuation analysis, debt scheduling, profitability metrics, IRR, CoC, equity multiple, competitive analysis and it'll even build out your LOI automatically.

Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success

I have questions about profits and vacancy rates.

@Tomas NunoHouse hacking with a significant other can be a profitable strategy for real estate wealth building and reducing living expenses.

It’s not a profit center for them and they have a reputation to maintain.

This deal highlights our efficient turnaround strategy, leveraging market knowledge and partnership to achieve a solid profit within a short timeframe.

Subtracting money I put down in earnest and closing costs on one deal that I doubled closed (made $50k on it) brought in around $73k in profit.

.- You can find a profit calculator spreadsheet here (https://lnkd.in/g-2m_vZA).