Works in some places, doesn't even come close in others. 70% isn't really a rule either - every deal is unique, so if you peg yourself into these "rules" you will miss out on everything that just barely doesn't fit in the rigid box of rules. 

I mean, I can keep asking questions and perhaps it'd be a good learning experience but at the end of the day we need to know what we don't know - meaning, make sure that what you take on is something that is a nice, safe, stretch learning experience. 

I love what I do and I love knowing that I'm adding value to investors world wide who are interested in investing in Milwaukee.I want to hear from other agents / investors who are just starting out that have perfected the craft of managing 10+ investors who all have extremely unique investment parameters. 

I have them under separate LLCs with individual accounts as of now because they are all unique properties that are also kind of businesses.

@Roger, your situation sounds unique and could present some issues if there is a loss at the location.

We have a very unique, and challenging real estate market in the New Orleans area.

A few of the challenges we had to face on this project were: keeping the historic exterior paint color, white with unique teal trim.

However, always good to talk to an attorney as every deal is unique.

Odds are those all go up.....Expense go up and rent goes down is the making of a bad investment for you.At best I would drop it and require them to have professional yard care be paid for by them..... even that would be a stretch unless my rent is higher than marketOpening the box of letting tenants dictate the rent is a bad precedent to start.....I might do this...1 year lease at $2800........ 2 year lease at $2700....

I do know a good bit about development because my father has done several sub-divisions on his own over his life as well as my professional job as an architect gives me a very unique perspective and knowledge base that most people in REI will never have.