Get your dryer's exaust cleaned before you open up the unit for rent and periodically therafter.

Efficient negotiations secured the property for $200,000 under favorable terms.

That also goes towards the idea that you don't want a pre-payment penalty after a certain time period if you decide to refinance your deal to get a better rate down the line.You definitely want to compare the deal your seller if offering to what else is out on the market.  

STVRs if run efficiently and marketed with 100% direct reservations should have 50%+ margins and ConC returns of 100%+ year after year.

I have all of my rentals, which in all is about 9, due on the first day of the month with a grace period through the fifth of the month to pay rent.

The market has been flat for an extended period of time (10+ years).There are attractive pockets which are generally the higher priced areas like Munich etc.Hope this helps

What is your plan for capital calls (additional investment requests) during the hold period?

Our goal is to meet a targeted return of 15%-20% AAR within 5-years, doubling our capital within the investment period, to propel us into a bigger deal.

Also, if tenant were to be late (use grace period) he would not be able to pay since payment series no longer exists.

The market is currently experiencing a period of adjustment, with a slight increase in apartment vacancy rates to 7.3% in Q4 2023.