The turn will typically cost at least one 1 month rent and then the freshening/repair costs.

Note that legal and transfer costs are not deductible but can be added to your cost basis.

That is the reality of these properties and why they are rarely sustainable even if they appear to be cash flowing.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less  wear and tear while fixed costs like cleaning and painting are easier to absorb. 

And over time, as those assets to make our product we sell had a fixed price, the dollar does not sit fixed, our cost of product increases meaning increased cash-flow.

Finding durable products at reasonable costs. 

Feel free to use this template:RE: RenewalDear Tenant:With the increased cost of taxes, insurance, maintenance, and other incidentals we are required to increase your monthly rent.

The garages will have 3% increases year over year once leased.

For more expensive properties, the flat fee means the credit/refund increases exponentially, like $19,000 on a $1 million property.4.

What I like about multifamily is the splitting of costs.

Even if I were found guilty, the cost would be in the thousands, not in the millions.