If your property has fire suppression system (sprinklers) than you have to have your alarm monitored and the price sounds about right.

(ADA, Zoning, Building/ wind codes, fire codes and fire suppression needed etc..).

Mary Jo, Chris, Heather and everyone starting out, should you still decide to continue I bid you the best of luck in the emotional, social and spiritual struggles that comprise the entirety of buy-and-hold real estate investing.Just in case you are still wondering, while your mileage may vary, my tenants are harmful, suppressive, hypocritical, cultic, meretricious, jargon-spouting, harassive, restrictive, destructive, greedy, mendacious, violent, clueless, mind-numbing, criminal, satanic, spastic, secretive, barratrous, demented, loathsome, crazy, evasive, narrow, splenetic, bilious, belligerent, deceitful, cowardly, malignant, devious, stifling, unethical, opportunistic, uncaring, clumsy, clueless, tasteless, malevolent, avaricious, diseased, unsympathetic, insane, contemptible, self-righteous, dim, self-entitled, dystopic, grim, vengeful, idolatrous, flagrant, self-destructive, controlling, deceptive, illegitimate, brain-damaged, socially poisonous, conspiratorial, manipulative, fraudulent, despicable, weird, imbecilic, libelous, fundamentalist, byzantine, abusive and, to any well-meaning would-be real estate entrepreneur, not good.In other words, if you want to invest, you might want to play eenie-meenie-miney-moe with penny stocks or something.

Go Solar, on the grid.Other Items:What type of fire suppression system do you have if any?

I am talking about an whole area with price point suppressed extensively to <50k level, even ARV.I bet you some initial equity by purchasing those 50k deals, they worth more than that.

IMHO If you can find a desirable neighborhood that does not need them to attract quality tenants that absolutely suppresses potential special assessments (hence additioanl HOA fees) that might crop up.

By the facts showing in this post ERP still has not committed fraud: From Blacks Law dictionary: All multifarious means which human ingenuity can devise, and which are resorted to by one individual to get an advantage over another by false suggestions or suppression of the truth.

He's Captain of the Morale Suppression Team, but his tax knowledge is extensive.

The rest of the costs will be electrical, fire suppression if needed, insulation, new/repaired HVAC etc....that could be quick and easy at $5 per square foot or as much as an additional $25 plus....Sorry I can't be more specific but your question is one of the many that fall into the "it depends" category.Mike

If more people want to own, rents are rather suppressed and property values relatively higher.In an area where values are high and rental income low, the rental income sometimes barely covers your interest and tax payments.