Don’t fall for the “I’m ultra successful” act.

Multifamily syndication will require a good amount of initial due diligence on the sponsor, but very minimal time/effort once you've made your decision.50k / year will require 5 Million in equity earning 10% (if we're being ultra-conservative here).

@Michael Woodruff Unfortunately in this ultra competitive real estate market there isnt anything that you could do that 10,000 other people arent doing.

They are all charging ultra expensive products and courses.

How important the A/C is will depend on where your rental property is located and how hot the temps get there and how many months the hot weather lasts.I would just include replacing the filters as a bonus to the tenant.Filters say they last 3 months but really it is not true.This is especially if you have a smoker or a tenant with pets.What happens is air filters should be replaced if the cheap ones about every month to 2 months max.Expensive ones you can go up to 2 months.If you wait 3 as more dirt is attached to the filter it restricts air flow and won't pull in as much dirt.When this happens less air will flow through the vents and the tenant will turn the unit down more and the resistance will make the motor work harder and wear out faster.I was having this happen in my house.A/C unit is 9 years old.When it gets in the high 90's here the A/C unit was getting in the 80's.Has an A/C guy come out.I had the old analog mercury switch A/C thermostat which is off by as much as 5 to 6 degrees sometimes the guy told me.I use the Filtrete Ultra Allergen because we have 5 cats and was replacing filter every 3 months (cost about 17 bucks a filter).The A/C guy explained about air flow and that I need to replace filter every month.The high end filter will catch more particles he said and when you keep them replaced they are fine every month.If you wait the 3 months it will reduce the air flow to much with the dirt it catches.So I replaced the filter and he also checked my free on level which was fine but my coils needed cleaning.He just basically took a hose and cleaned it out after turning power off and before the 100 dollar bill was not sticking to the coil halfway to the bottom.After cleaning the bill was sticking to the coil everywhere.He said it's important that when the heat comes out the coil can cool it properly before it goes back in the house.I bought the electronic thermostat myself for 25 bucks and took out the mercury one.Now with it being 95 outside it is holding at 73 degrees just fine.So I would replace filter every 2 months at the most to preserve the motor and help air flow.On some properties the builder installed too small of duct lines for the air flow and run to the vents anyways so any little air flow restriction will make the unit hard to keep cool in the hot weather.Probably too much info but thought I would share.Hope it helps.

They call the high-end stuff Premium or Ultra for a reason.

The ultra sounds said Miles was going to be over 10 lbs... but then he came out at 7 lbs 15 oz.

I see a bunch of incredibly cheap properties (under $10k for SFH) in Detroit. They are currently rented for about $600/mo and appear fairly close to downtown. I know that people were fleeing the city before, but wit...

It is also a possibility that it would be an ultra vires transaction by the corporation if you converted the units to condos and the corporation could be sued by the dissenting shareholders.

Everyone thanks for the replies.For me the landlords I list and sell property for operate differently.Tenants talk and it can be a good or a bad thing.The clients I have would have this fixed or being worked on within 24 hours to 48 hours max.They like to be ultra responsive to tenants and take care of issues right away.Tenants that have been somewhere awhile usually are happy with the land lord.The potential tenants will go around and ask other tenants how responsive the landlord is to issues that come up.If the tenants say "the landlord gets around to it eventually but I have to hound him" is not good.If the tenants say "the landlord listens to requests and is responsive and cares about his buildings" that makes the potential tenant feel good.If a potential tenant isn't asking these questions it's a bad sign of a tenant trying to live anywhere.So if it was me I can't imagine being in front of a judge and saying "your honor I was told about the ceiling falling down and water damage and was given photos but I did nothing to fix it for 5 days"I do feel for the landlord to an extent.I see some landlords keep patching instead of correctly fixing the problem.Do it right the first time.As long as the work is completed correctly there will not be an issue.I won't have to get involved unless I am forced to.