You can shop for insurance and find cheaper if possible, but so far, your PITI is the biggest part of your fixed cash flow (you don't consider mortgage payment as expense, only interest part of it).If you don't have any deposits from Rent  at all every month, you need to discuss it with the PM: maybe outsource turnovers or DIY - $4K  per unit sounds high...but I'm not in Chicago...maybe it's normal thereAfter all, you're in this business to make money, not improve the building endlessly. 1.2% or more - if nothing left in your pocket, it's as good as 0%

I used a FHA loan to get in to a HUD home, lived in it and completed the renovation, leveraged huge equity  to finish a second renovation that was technically a new construction loan, sold the rehab, got a partial lien release combined with a re-finance from the FHA loan, pulled $30k in HELOC, bought another rental, moved, and then rented the original SFR...then on and on...lots of moving parts.It's a lot like feeling your way through a maze where you are at right now, but don't be intimidated.

The life span of Tankless heaters are supposed to be longer than Tanks and give you an endless supply of hot water.

I had my own general contracting firm and I woke up every day looking for my next dollar and sifting through an endless stream of subs and workers who did not share my outlook on life.I currently have 43 units and I make money where ever I am day or night.

I had my own general contracting firm and I woke up every day looking for my next dollar and sifting through an endless stream of subs and workers who did not share my outlook on life.

The good thing is you have endless options with this rental.

Well after about 8 months of books, podcasts and seemingly endless education I now own a 5 unit MF in Manchester NH!

The possibilities are truly endless.

If you have endless time, you could basically furnish and decorate for free.

There are no tenant to tenant issues and my favorite the appreciation and exit strategies are endless.