Just bought a 4plex about 4 hours north of Milwaukee and here are my numbers for your reference(I rounded up my dollars for simplicity)Purchase price of $125kRenovation of $12k (out of my pocket)Rents at $2300 total(expected to be near $2450 in the next 3 years)Utilities $250 a month average (Have a plan to reduce down to $175 a month)Insurance and Tax $500 a month(pushing for a reduction down to $400 a month)Maintenance $150 a monthDebt Servicing on $100k  is $700 a month (bank loan of 5.25% for 20 years)Debt Servicing on $25k is $200 a month (personal loan at 8% for 20 years)Total monthly expenses are $1750Monthly cash flow with full occupancy is $550At 15% vacancy my ROI on $12,000 of my cash is 20.5% annually.

I can get away with not having a dishwasher here or there, but a unit without laundry access will not beat the competition.

We have used Soleil Floors in Round Rock numerous times including in our house.They obviously did good work at a good price or we would not have done several projects with them.

It is also possible to buy one lottery ticket in your entire life and have that one ticket be a $100 million power-ball winner.

@Kyle D.Some of this is obvious, but in my experience...Mobile Home parks have mobile homes that stay there year round.

Hello BP family, thanks for taking the time to help me with this dilemma!I'm interested in student housing, it's actually the niche I've been focusing on for awhile. I found a college where the rent seems to high comp...

The tenant seemed nice enough and was glad to have my info along with electronic payments (they previously had to drive 60 miles round trip to drop off payment). 

Andre, if you can't make it to the one tonight, there's a networking meet up tomorrow evening that you should check out. https://www.eventbrite.com/e/real-estate-speed-networking-mixer-tickets-25273666216

Trash these ticket will go.

Roof, plumbing, electrical, and structural are the high ticket items you want to know about.Hope this helps.