.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

I just want to check with the group, are you finding the same challenge with getting an umbrella insurance with increase amount of properties.

It increases complexity and cost dramatically and thus should be avoided.Whether you need an LLC at all and other legal protection issues - now that indeed is for attorneys to answer.

There's rent control, rent increases, rent regulations, etc.

The properties seem a bit dated design by my standard but without any work I could have a home that rents for above the median rent of the area of $1,160, Most homes around Fort Liberty were built before the 1980s so a newer home may appreciate more over time.As a first time investor, there is a lot of information to take in but the potential to make connections in the REI and military community is invigorating.

He then provides free labor to that company to increase profits. 

not 10%... not 25%... more like a 75 or 100% increase from purchase price usually.and as others have said you don't want to buy it with a DSCR loan - you want to buy it with hard money / bridge money and then refinance into a DSCR loan.using a HELOC for the down payment just puts tremendous pressure on you to boost the value. 

Annual increases in keeping with HUD's fair market rents build in a stable increase in revenue.Regular inspections from the local agency provides us with an excuse to get into the units to check for maintenance issues that often go unreported and cause more damage.We love the model.

Thinking about getting a couple more just to increase the amount of credit and for the perks. 

I would likely try to make at least 1 unit an STR to try and get a bigger return but conservatively I would be increasing my monthly living expenses pretty significantly.