I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...

I made a few thousand less than expected but I figure that's just the cost of doing business sometimes.Based on my experience I wouldn't let the remote possibility that a homeowner might go into greed mode dissuade you from doing these deals.

I had a call with Simpletalk a few months ago and seemed pretty interesting but haven't pulled the trigger yet as it is costly.I know services do white labels and people brand it into their own AI call services, which mean a lot of these AI calls may actually be the same service...How much does Air AI cost?

@Yooni Choi managing from out of state (OOS) with ZERO previous landlord experience - probably won't go well.You WILL make a lot of mistakes that will cost you money.

Hi Sean,House hacking is a great way to gain experience while taking advantage of owner-occupant financing, which lets you buy in at a lower cost.

You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements). 

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

A post on recapture.People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!

We used to hire a company to balance the chemicals and my costs were almost 2K per month.

Option 2: Electrician recommended mini splits - said 2 units should do the trick and would cost around $6-$7k.Heating system 2 is forced hot air oil furnace specifically for the 3rd unit.