Each side identical.  

We rent the house for $1800/month {could get $2000} and all utilities are passed through to the tenants.We are entertaining another identical house in the neighbourhood - this time around we are more experienced and I think we can produce an even more efficient result for <145K (all in).

I’ve run numbers in detail for friends who’ve been looking to get into identical rentals as I manage: the numbers don’t work, even self managed or when transitioned to MTR or LTR.

Now on the third group of tenants 2 of the 4 applicants claim they can’t verify their identity with Experian for the credit and background check.

There was some minor repairs that we had to do:The previous owner took one (of two) medicine cabinets out of each bathroom.They took the appliances.They took the ceiling fans, but the bank had already replaced them.They left the garbage disposal, but took the plumbing under the sink.Took every door stop in the house.and, my favorite...They took the middle hinge off of the interior doors (I never did fix that).Took us about $1500 to finish the rehab work, and during that time, some thieves stole my air conditioner.  

And you get three designs for the price of one if they are identical units.

:First, you should be screening your applicants with identity verification, a full credit report, and a criminal background check.

It just happened.I actually had a debate with a co-worker about a situation almost identical to the one you describe.

Not necessarily. general aging of the property would indicate cap rate increases, but if youre adding value with stronger capex or better tenants/leases, then the cap rate can go down. of course, it all assumes interest rates are identical to lending at entry.

I've looked into it a bit, a good friend of mine who has a near-identical rags to riches background is crazy over them.