Having laundry will cut down on vacancy and create longer tenancy. 

Hello everyone on BP, thank you for visiting my post.I come cut from the same cloth as many of you out here. 

The mentor has the edge where practical knowledge is concerned, but the mastermind has the edge where group interaction and new ideas are concerned.

If it is what the seller is paying, it’s an indication of what you might be able to get, but I would not assume it’s what you’ll end up paying.A few things to check when doing due diligence on the insurance.....Cutting back the insurance coverage prior to the sale is a strategy to give assets a higher return.The seller may be able to insure the building for what they paid for it 10 years ago, say $100,000, and now you need to insure $200,000 to satisfy the bank loan.  

My father has long paid off his home, and is planning on selling it to me within a year, as well as cutting me a small break with the final asking price. 

Ideally a duplex or single family ADU so I can start cutting my costs to save money faster for the second house.I'd love to hear from experienced investors looking back on their first property.

If you have investors, the Operating Agreement should spell out many issues pertaining to the ownership and operation of the LLC.I do NOT recommend trying to cut corners on your LLC. 

. $10,000, but cuts the premiums from $1200 annually to $300, it may well be worth it to go cheap on insurance and make up the difference in CapEx.

I look at it as i am not entering your unit, therefore notice does not need to be given, as @Neil Schoepp mentioned, do you or your PM call every time to cut the lawn or remove snow ?

Make sure you get an inspection because if it's a flip, you never know if shortcuts were made to cut costs.