As a syndicator, I make less money, but the group makes it easy for me to raise money, so I can take down bigger deals than I otherwise would.My wife are owner / operators of 3 apartments, totaling 830 units and are passively invested in over 5,000 units across 8 landlord-friendly, lower-cost, higher cashflow states.

I’ve already made some calculated evaluations in terms of the expected operating expenses, the mortgage, closing costs, and a 20% down payment. 

Have an operating agreement very much lined out on your side and your partner side.. i.e. we do 50/50, but if I find a great deal we'll do it 65/35 because I brought the deal and other items like that in the OA.

To calculate net operating income, deduct projected operating expenses from estimated rental income, including property taxes, insurance, maintenance, property management fees (if applicable), and any vacancy allowance.Second, think about working with Buddy to get better terms.

Our monthly operating expenses, including salaries for property manager, security,housekeeping, utilities, insurance/taxes range between $3500 - $4000 a month.

Having a separate account to hold security deposits is a good idea.Having another account for business operations is also a good idea.There is zero risk in opening a bank account and it doesn't take that long so you can do it now or do it later.Good luck

I am familiar with Dublin and Grove City, but would love to learn of other area. best way to invest in multifamily is to build it in columbus urban core where new construction trades at 30% higher than existing multifamily and build it at a discount. 

A book I’m reading mentions “taxes” should be included in operating expenses but they don’t specify what type of taxes.All it says is “call your local county or look online at the county assessor’s page”No clue what that means, could someone clarify what taxes they’re referring to?

What are the core websites ?

Security deposits must be kept in a separate, interest-bearing account, separate from the property manager's operating funds.