So why would we buy the cash flow at a rate of 6%?

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

With rates in constant flux, you might have opportunities to lock in lower ones.

I heard there's an $800 franchise fee yearly.Thank you. 

Account for all costs, including closing fees, holding costs, and repairs.

Also, insurance companies rate homeowner's differently from landlord policies due to the fact that you live there. 

Often times, if they come in through VRBO or AirBNB, they are looking to get something at below market rates or market.

You used to easily be able to do this with 2 unit properties, but with prices and rates today it's hard to make this work anymore, unfortunately.

I was hasty due to the higher mortgage rates, and it turned out to be a huge mistake.

It is a violation of the HAP contract to charge more rent for voucher recipients than market rate tenants.