The longer the development cycle, the more risk on the LPs, the higher the return.

ConsiderationsCrime Rates: Some parts of Albuquerque have historically struggled with higher crime rates.

Factors that affect hourly rate Job complexity: More complex jobs may cost more.Handyman's experience: Less experienced handymen may charge less.Region: Some regions have higher labor rates.Minimum charge: Some handymen may charge a minimum fee for small jobs.Mileage: Some handymen may charge a mileage fee for jobs outside their service area.What to expect to payA handyman may charge between $35 and $80 per hour.

Higher? 

You’ll learn the ropes on how to be a landlord with a lower risk/higher quality tenant-base. 

Freddie accepts this.Couple of options from here: If you did not set up notes receivable, recognize that you may owe it to your seller and take the hit on a higher rate refi to help him.

For example, if the job takes 20 hours at $25/hour, you’re looking at around $800 total.Expect quotes to be significantly higher, but use your formula to negotiate.

congrats on the first duplex. easiest will be house hack your next property. you can go higher in units up to 4 but just need to occupy the property. lets connect if you need guidance, i house hacked a few times

Most hard money lenders will want to know about your track record - if you have no experience, partnering with someone who has a track record will likely be an easier path to approval (and likely higher leverage) than applying by yourself. 

If you hate the process of placing tenants, it may be worth it to hire a property manager to handle tenant placement for you.I think finding a new tenant is a better long term strategy if you're confident you can find a higher quality tenant that will cause you fewer headaches.