They are usually full income verification or Alt-A utilizing a combination of bank statements or asset depletion for income.

My wife found some mid century modern chairs from Walmart but they were fabric and I’m sure they won’t hold up.  

The cashflow from these units combined with the main house will more than be enough to cover all expenses in perpetuity for that land that's on a 3.4% interest rate over 30 years.

By combining your interest in real estate with a strong foundation in the financial industry, you're positioning yourself for a promising future.

The gas is separate and the electric is combined, but I do split the electric bill between tenants.

This calculation can take that expected growth and growth in cash flows combined into one metric to look at the investment.Personally, I don't really look at IRR because it is a highly manipulated metric.

I have managed my own local properties for years, and if you combine all of their service calls it still wouldn't add up to this 1 property:1) Likely fraudulent charges2) No photos provided for nearly any work.

I set aside 15% for CapEx, Vacancy, and Repairs/Maintenance combined. 

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New modern lights and ceiling fans, quality furniture, Big screen TVs (not so expensive anymore), big washer and dryer, one of those cool refrigerators.If you ever go stay in a nice hotel or nice airbnbs, try to pick up on some of the things they do to make it feel luxurious.