Expect to pay 4.5% once you account for village, town, school and county taxes. 

But if borrowing costs remain high and interest rates don't fall as many people expect, cap rates will have to decompress further. 

Assuming you already paid for the first occurrence, if it happens again and the plumber doesn't find anything wrong then, yes, the tenant should be responsible for the invoice.Your PM should be setting those expectations when they communicate with your tenant."

There are several companies that send letters and some are active on Bigger Pockets.However, I would caution you to set expectations appropriately.1.

If your property’s rehab isnt wrapped up until 2025, your current rent roll might look a bit different than what your lender expects when they run the numbers.

What are tenants expecting in terms of updates?  

I still get junk leads but that is to be expected on just about every online lead platform.

I wouldn't consider it a heavy negative unless the street is super tight and parking is hard to come by or if the street is very steep/busy.The more desirable dense city neighborhoods it's almost kind of expected and off street parking would be considered a luxury rather than a necessity.If you get out into the suburbs I would say it's more of a big deal since more rentals have off street parking or a garage there.

@Fulati PaerhatiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Were revenues as high as you expected them to be?