Hi folks - I am in the market for a Property Manager in the Rochester area for a 12 unit property.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Essentially, your new replacement property will consist of (1) a thirty plus year ground lease on the real property you already own; and (2) new capital improvements made on the real property you already own pursuant to the new thirty plus year ground lease.

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

We won’t lend a dime to anyone unless we’ve gone to lunch, gotten to know them a bit, and looked at a few of their properties.

What is the property appreciation in that market? 

Check with your municipality about how property taxes will change when you buy the place.

Quote from @Aldo Valeriani: Hello everyone,I’m relatively new to real estate investing, and this is my second fix-and-flip property.