As a long-time BP member and mid-level investor, the best advice I can tell you is to ask questions on this platform.

I will start renting in mid-April 2024.

How does inheriting a tenant's lease mid-term work?

Thereby leave investors free rain to buy these homes and turn them from what they ALL started as SFR owner occ into rental props.. that in my mind is the issue.Everyone of the Rust belt cities and mid west has anywhere from 2k to 20k vacant homes currently.

We are looking into purchasing our first mid-term rental about 5mins from a hospital but the crime rate according to neighborhoodscout.com is 32 per 1000 residents which is relatively high in Massachusetts.

If you really want rentals, and want to start with this one, that could be a good idea, BUT I would make a serious plan to acquire at least a few more in the short/mid term future.

This change marks a departure from the trend since mid-2022, where private buyers led acquisitions as REITs and institutional investors reduced their exposure.

But they are well known in the brokerage community.that fee schedule is pretty much standard all across the mid west.. nothing jumps out at me.pay your own utl fee's and you save those or better yet have the tenants pay them.. the inspections have to be done one way or the other 50 bucks to do what they do is dirt cheap.mowing the lawns is going rate..so  pretty standard really.. usually they will have your authorization to spend more than a certain amount say 300 bucks.. and usually turn over or maintenance is marked up at least 15% over cost.I can tell you unless you have thousands of units no one is getting rich in the PM bizz.. not sure how many they have and maybe they have thousands of doors in that case they are probably doing quite well on the PM size.. anything at 500 and under is usually kind of break even for most. or just a wage frankly.

Loan-to-value (LTV) ratios, once commonly found at 70%-80% with 3%-3.5% interest rates, have now slipped to around 55%-65% LTV with high-5% to mid-6% interest rates.

Investment sales over $10 million, which had cap rates in the mid-5% range in early 2022, are now more commonly found in the mid-6% to mid7% range in the early months of 2024.Overall, retail properties have experienced a drop in value, with struggling malls significantly contributing to the double-digit price declines at the top end of the market.