Typical Prop Mgmt can't manage a co-living home, and all the special considerations that are required, but even typical mgmt costs 10% or 11% considering they take a months rent for vacancies to get a new tenant in place.

Every property up for consideration gets a visit.

Markets have increased considerably over the past 4 years and most of my buildings have also increased in value by about $300,000.

Ask the builder or their legal representative for a copy of the CC&Rs (Covenants, Conditions, and Restrictions) or any supplemental documents specific to the development.Financing Considerations: If you’re financing the property, some loan types have limitations on renting out a home within the first year.

These are all important considerations, and understanding the requirements can save a lot of headaches down the road.

Thanks for offering such a clear and grounded approach—I’ll definitely take this into consideration moving forward.

While I do take into consideration all the relevant expenses when I vet a property I still like to see at least $200/door cash flow so I can more easily build up my reserves and have some money to work with.  

Thank you so much for this information that I will be taking into consideration!

By adding the 3rd bedrooms, we were confident that it would increase rents and our valuation considerably.

Companies have considerable flexibility in choosing where to set up new operations.