I can estimate most of the cost, taxes, insurance, utilities, PM fees, and such and I know that should be provided in the expenses but when it comes to the actual maintenance of the property, what strategy do you normally use?

Everything was running fine until Underwriting wants to know about the 10% for reserves in the HOA account.

The tax advantages of buying/holding gas stations are pretty great.
Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year pro...

Without knowing the cap rates of other MFHs nearby, there's not much objective insight to be gained there.Good luck!

Necessary Stats:Credit Score: 740+Loan Type/Amount: Conventional/$320KProjected Income: $3100 (including me paying myself rent)Down Payment: 5%Let me know if there is extra info needed and thanks ahead of time for any advice that is offered!

I don't know if I did it right, because I prefer NOT to get a traditional loan for my next property.... and I don't know how to estimate (or even GET) private lender loans.My buy box is;- Something I can use for long term rental AND MTRs.- Less than $25K in rehab- Quick rental potential (<3 months rehab).- Low crime, low foot traffic- Access to restaurants, grocery and job (hospital, university, denver tech center, denver downtown)- COC ~5-6%My preferred method to buy is Sub-To, so I would like sellers (and agents) who are ready and willing to consider this.

If you need a $50,000 loan, that would cause someone who does not know you to think that there is not millions of dollars floating out there to go after.

Without knowing the area I cannot give you my honest opinion of the investment or if the rental values are accurate.

I am also curious to know what the motivation is but, Yes.

Many of you may know of me as I have been investing in Apartments - mostly Syndications - for 22 years and have invested in over 11,000 units.