It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

Rates depend on many factors, you want to go for conventional 30 year loan if possible.

It's actually a gold mine because you have much more control over your buildings and the residents in it and the Vacancy Rates are held incredibly low because rent-regulated apts are basically removed from the available housing stock, lowering the supply of apts, as well as other factors including AirBnB.I have also seen abuse go both ways where Landlords purposely harass tenants.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

Even if i do not follow through on a purchase, I still want to make sure I am paying attention as much as possible to key factors.

And in Des Moines then you have to factor in utilities paid by landlord too.

There is a system we use called RUBS which is RUBS or Ratio Utility Billing System is a method of calculating a resident's utility bill based on occupancy, apartment square footage, number of beds, or some combination of factors.

I'd also appreciate input on these other two factors as well:Are there any other fees to run a property as a rental in Springfield?

Hard money is alot of money to factor in especially if we cant refinance for some reason.

I think once you factor in vacancy and legal expense (which I don't see), you would be closer to that $15k.A class C building will probably wind up higher on the maintenance side.