There's no one size fits all of course, but generally the STR/MTR/LTR mix in a multi-family unit can be challenging because the way renters utilize these properties is so different.

Renegotiating some utility contracts (garbage and removing some on site office paid internet/phone bills) 5.

As noted above, up to 50% of gross rental income normally gets eaten up by expenses (taxes, management fees, utilities, landscaping, repairs, capex, etc).

I purchased a home 2.5 years ago utilizing the New York First Homebuyers Club which gives you approximately 8k in grants if you meet certain criteria, which I did.

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

What are "typical" rental terms in Sac (e.g. does owner or tenant pay utilities, trash, water etc) for your properties?

So far I am basing it on customer service.

I borrowed $110K from a private lender for the purchase and self funded the repair of the offices. 3 months later, I rented 6,000 sq.ft. of office space to a corporation for $21,000/month + utilities for 5 years with another 5 year option.

I can only speak regarding structuring the deal as I have not utilized partners personally but it really can be anything that you want.

You need to work with a lender that will utilize STR 1007 Data and/or AirDNA Income on a REFI.Tough deal but we do this consistently.