Purchase price was $125K, these are 3 bd 1ba garden style apartments renting for $700 per month.

This house sleeps 12 guests, full of amenities (hot tub, fire pit, fire place, game room, and lots of indoor and outdoor living space), and centrally located in the Poconos.

Since u have all that interest and property tax in addition to hopefully also paying down the principal, then there's the carrying costs (insurance, utilities, gardener, maintenance) IF you're still gonna keep it not just make it look real nice and sell it for top dollar, then yea airBnB or similar  (ie, travelling nurse rooms) where u get more monthly than just traditional lease.

Plus you can spread out costs like the gardener.

Purchase price: $7,425,000 Cash invested: $2,200,000This walk-up, garden style property was built in 2001 and is comprised of 90 units in Winter Haven, Florida.

Not sure if it has already been mentioned, but having a seasoned multifamily investor on your team would help immensely, both for the operating and loan experience.Be definitive in your criteria in terms of units, class, value-add, garden style/mid-rise etc.

I was really pleased with what I saw there.. very clean  no homeless no druggies no sleeping in door ways ( all things that have affected the once beautiful Portland downtown).. of course when U get a few blocks into the neighborhoods  its very block to block.I am been funding there now for almost 3 years.. wholesale values have doubled and many of my clients doing BRRR  the appraisals are coming in high 100s to low 200s with very strong rents. 

As a certified Indoor Air Quality tester, I can tell you that there are specific testing protocols that should be followed to insure you get accurate results.

Property numbers:Purchase price 397kDown 20% conventional ~ 80KBy end of May after adding some furniture, garden and landscaping we will have 20K in improvements.All in all 100k invested.Expenses:P&I insurance etc. 2k a month.Bills about 300 a month.Airbnb license 250 annual.Income so far:Expected 26k in booked reservations and more to come.By end of the year I will have positively cash flowing property with over 100k equity build into it.I wouldn't have any of that if arbitrage but it would be very lucrative.On back ground we are trying to get a garage and small apartment above added to the same piece of land and refi by end of the year.

However, it takes less effort to create/keep a decent team than it does to do this with no team or a poor team.Team for maintaining (not including acquiring) buy n hold rentals should include: handyman (use him do everything he is qualified for as it will be cheaper than contractors), plumber (for items beyond the handyman), HVAC, painter (my painter on larger jobs is faster and price competitive with the handyman), popcorn ceiling remover, laborer, gardener, cleaning crew (low cost and good that can be booked on a week or so notice), mortgage broker (even in not acquiring you want someone looking at lower rates as well as potentially pulling money out), RE lawyer, a tax person.