Went over their  total household income  with them...they make about 5K per mo.... 

Comprehensive Workflow Approval functionality to keep you in control of all buying.

. : 1,008 - 1,010Unit Amenities Balcony Refrigerator Washer/Dryer Oven Heating Range Kitchen Tub/Shower Site Amenities Clubhouse Community-Wide WiFi Fitness Center Public Transportation Media Center/Movie Theatre Financial Summary (Pro forma - 2018)Gross Rental Income      Annual     Annual Per SF                                       $1,294,718        16.81Effective Gross Income   $1,294,718   16.81Avg Household income 43%: $100k+15%:  $75k-$100k28%: $35k - $75k14%: 0k - $35k Total Population 1 Mile: 4,029 3 Miles: 29,950 5 Miles: 69,572 The Property:  Price $13,000,000No.

So if you buy and made $10k in Cash Flow for the first year and you sold in the 2nd year but paid $10k in closing costs, you effectively made ZERO..... a BAD DEAL.Your Cash on Cash Return calculation does not take that into account.If Investors on this forum don't take into account ALL the future Cash Flows of a targeted holding period..... they are not doing a full and comprehensive analysis.

Always have a comprehensive lease, and then it’s easy to refer to the lease for answers.

This of course brings you a step closer to the operator, but it also entails slightly less attention, as the operator has a ton of investors to deal with.Think of a cap raiser as a chef that serves multiple households.

People with a household income of $250-$350k think they're the lower middle class.

I am currently a server making 35k a year about to get married within a household income of 70K annually.

Homes with 3+ bedrooms renting to students get flagged easily because of parking issues....once you have more than 2-3 cars for one household, parking spills into the streets and winds up in front of neighboring homes. 

.● Household Gross monthly income must be at least three times (3x) the monthly rent.● No Evictions/Broken Leaseso No outstanding debt to housing providers of any kindo Proof of honorable reconciliation requiredo Positive re-established rental history required● All bankruptcies MUST be dismissed or discharged.● Credit approval is subject to credit risk fee below 620 and potentially additional security deposit.● All residents of the property 18 years of age or older MUST submit an application and completea criminal and credit background screening.● Smoking is NOT permitted inside the home or garage.Hope that helps!