Ended up dropping purchase price by $10k as a result, which is roughly half the breakage cost (as calculated based on NPV per the PPA).Problem now is it requires me to maintain Internet connection and PPA is partly take-or-pay so it raises my vacancy costs to maintain utilities.I may just try it for now and break the PPA later if it becomes too annoying.

Most cases you need to be at 250k +, also remember with anything over 4 units the commercial appraisal will cost a pretty penny and take a few months to get back.

I'm sure there is some kind of a cost, as there is no free lunch, but this could be worth looking into.  

@Katie Lepore some good CPA’s are half the cost as other CPA‘s .

@Gustavo Costa try Nashua NH.

I may adjust them every few years if my expenses go up and I fall noticeably behind the market but I subscribe to what Jay mentioned - vacancys, late payments, damages cost a lot more and are a much bigger headache than being a few bucks low on rent but keeping good tenants in place.

If you usually mow the lawn yourself, this would cost a bit more money but save you time.

Just like when you avoid fixing a repair on a house for a few years that will only cost a fee hundred now.

So if you have a building that has an NOI of $10,000 per year and it cost a total of $100,000 for purchase, rehab, holding, etc. then the CAP RATE is 10%.  10,000 / 100,000. 

It doesn’t make sense to me that a $100K house would have the same closing cost % as a $1 Mill house for the paperwork.Again, for Turnkey properties I’m a bit wary on all the negatives that I’ve heard about them (such as them running bad numbers, making bad deals look good, and purposely having a high tenant turnover rate).