Keep track of those costs this year, they come into play in 2025 when it's in service.

Seen that play a few times.. this whole sub to being taught to under capitalized or starter investors who don't know what they don't know and learn this on line is just so very dangerous.

FHA is unlikely to play nice in this situation.Bank statement loans might be an option for you.

Not me mate,F@$# it tho.I'll just show up one day and knock on his door hahaTeach him how to play football and not how you Yankee's call it "soccer" hahaha My fault, I thought you knew the invitation was open! 

I do think brand can play a very important role in the long term of something like this.

How cool.Well, It's because I was seen as a player, a closer (meaning I close on deals I put under contract).I said, "I didn't know you owned a building" and to that he said "yes, it's the building with two - first floor retail spaces and 9 apartments on the corner".Dang, just what I love.

That can play a big part when issuing terms. 

You will not have the rate long enough for it to interfere with your current and proposed profits.This is where having a good team comes into play for example having a seasoned realtor who knows the market on the purchase/ARV side.

This will be a 10 year play.  

@Brady Ascheman To make the decision strictly from a Property Management standpoint you have to calculate your vacancy cost and cost to acquire a new tenant to know if a rental increase is even a smart play.