They don’t care because the government pays their rent!”  

Hi folks - I am in the market for a Property Manager in the Rochester area for a 12 unit property.

Assuming these are for short-term loans, such as for flips, @Keith Groshans, you could do what we do and let the borrower keep the money and pay everything when they sell the property.

Less licensees paying into the pot means everyone's costs go up.

Quote from @Jaycee Greene: A few things I noticed, in addition to having the tenant pay the utilities are:1) Incorporate annual increases in rent higher than 2% (in your area, maybe 4%-5%) with a slightly smaller increase in operating expenses (say 2%-3%)2) With a gut rehab, I'm not sure why you need to spend $128/month on cap ex, at least for the first year or 2.3a) An 80% cash out refi is probably going to be hard to get.

My ADU is under 500 sq ft, so I didn't have to pay the extra sewer connection and school fees.

If you choose to set it up in Illinois (IL) and then file as a foreign entity in MI, you will end up paying two state filing fees, which unnecessarily increases your costs.

zero risk, there is absolutely zero risk when you pay off existing debt :)

Especially paying MN taxes on NV tax free properties.

The cost will be much smaller than the taxes you could have to pay.