Remember there are 4 ways you are getting ahead by owning a small multifamily property (houeshacking initially).1.  

Lower interest rate at 12% is $8,400 year ($42K for 5 years) plus his initial investment of $70K equals $112K.

In short, having all the conversations and commitments in strategy, setting up LLC and all the fun docs of who's doing what, and I'd suggest even getting initial funding into account for at least EM. 

In my initial interviews with banks to see if they can work with my deal structure I ask them what their process is for underwriting deals.

The Initial Filing:Any existing business not excluded must begin to file in 2024 via the FinCen network filing process.

.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.

My initial goal was to earn $100,000 per year, and with our combined efforts, we now make approximately $16,000 per month.

Lost $3k in the initial cost. 

Any such study is tainted by the fact that Zillow lost an enormous amount of money on their own home buying initiative.

This will be for my excellent service as a landlord.Just like a restaurant does when you have a party of 8 or more - they add a mandatory tip.Doubt there will be any laws against this, at least initially.