If a true investor sees that much need for rentals in your area that they are willing to put in 100 units and manage them, then their research must support what they are investing.

I’m also surprised how dew property managers are willing to put in the extra work to make this strategy a success due to a higher net number of leases.

To be simple put in 100k and in one year the return would be to them??

To get more information I would speak to a local company that replaces or relines sewer laterals from the house to the sewer and they should be able to tell you from their experience which municipality does what.I am having interior drain tile put in on my personal residence in a couple days.

I just put in a call to a RE attorney.

There is usually a clause when I worked for developers that we put in the lease stating that the tenants would have to leave in XX days notice if there was a buyout on the property.

Now figure the realtors 6% thats close to another 5k off. puts you down to 76 ish.. this doesnt even include closing fees and the previous years taxes.1st thing I try to put in my numbers is 10% off the top because thats at minimum what it will take to sell.Does that help at all?

You and the agent will use the $3,300 you put in escrow for any expenses, until the said property is rented.

SUCH PROVISION MAINLY PROTECTS YOU, FOR EXAMPLE IF THERE ARE LIENS AND THE BANK DOESN'T WANT TO PAY THEM, YOU DON'T HAVE TO PAY THEM"If I were to believe such intent, than he is trying to say the price I put in the contract is "ALL INCLUSIVE" and will not pay any additional cost whatsoever...which does not make sense either, I am sure if I order an inspection, have the property surveyed, do an appraisal, have my attorney review and look at the title work etc...I will have to pay extra.

Here is what I put in every single real estate ad I post:SHORT TERM RENTERS NEED NOT APPLYI do not like them in my house.