For commercial buildings, be very specific - price range, $/door max, unit count, unit mix, part of town.

I might add, your entering range to reap cap-x expenditures so this cash-flow is soon to be significantly depleted/off-set via those expenses. 

Instead of one large loan of $50 million we hold in our portfolio 27 loans ranging in size from $750,000 to $5.9 million.  

I do think multfamily would mint more cash flow but pricing is a bit out of current range.

Send a written notice (yes, paper) to the tenants with proof of delivery required (the postal carriers have this time to an art form; it's inexpensive and you get confirmation via email or receipt very quickly; it does not require the tenant to sign - it just confirms that the notice was delivered.A paying, respectful tenant is golden.

HiI was looking at some AL properties on RTR websites in Montevallo/Birmingham area which look good on paper; $260K-$270K range and close to $350/month cash flow after PM fee.

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

Market Range for neighborhood is $330-415k. 

Your PM fees for LTR will be more in the 10-12% range, while for STR it is more in the 25-30% range (and don't forget about GET/TAT). 

It's not easy in DFW right now due to the price runups over the past few years and now slowdown in the market.What price range do you want to be in?