Buyers expect premium finishes, so skimping on quality can hurt resale potential.

Not one member has ever said an LLC saved them when a standard insurance policy.

CoghillWe’ve used AppFolio for many years to manage a large portfolio, and while onboarding can be thorough, it’s primarily to ensure compliance with financial and legal standards.

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

I agree that including parking for four units on a standard lot with no alley can be tricky with the new requirements for setbacks and outdoor area, but it's not impossible. 

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

Most building codes and HUD standards require bedrooms to have windows for egress and ventilation.

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Once you narrow it down, start with small jobs to test their reliability and quality before giving them bigger projects.Building a solid network takes time, but having dependable people on call is a lifesaver for your rentals.

A few small touches, like high-quality linens and a welcome guide, can make a big difference.