I've done this on one house in order to cut costs - since then, I've added a meter with the utility company but it's a good workaround for the short term. 

Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different. 

However what happens when the tenant vacates and now the unit has to be turned over/takes a few months to find a new tenant and during that same period of time the sewer line goes and you get hit with that $15,000 cap ex expense in addition to the vacancy and turn over costs.

I had a call with Simpletalk a few months ago and seemed pretty interesting but haven't pulled the trigger yet as it is costly.I know services do white labels and people brand it into their own AI call services, which mean a lot of these AI calls may actually be the same service...How much does Air AI cost?

I have been in Milwaukee WI for quite a while as investing in my backyard in NY is cost prohibitive. good luck on your journey!!!! 

For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

Of course have your costs researched first bc the buyer will want to know how much it will cost them to buy.

Our goal is to be able to use either some type of software or spreadsheets to continue to build off of and help dial in our costs as we begin to hire more contractors for our team.

Extra 4 months of carrying costs are up most of the margin.