Another 1% in seller closing costs of various types, and another 1% for seller paid title insurance.

We got into a deeper discussion about managing rental properties/goals/etc. 

@William CoetGPs are signing on the debt, finding, managing and running day to day.

To market your long-term rental effectively, start by listing it on popular sites like Zillow Rental Manager, Apartments.com, and Realtor.com.

I've got 7 doors that I self-manage and i'm set to add some more in the coming year. 

But wait - cost segregation!

On an 8 plex, there isn't much meat on the bones for the amount of work needed for Management, but when you factor in an additional 24 units, that starts to benefit the PM, so there is more room to negotiate.Initially, the cost of PM outweighs your returns. 

Hi BP Community,I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Timeline: 12-14 months from purchase to saleI'm trying to determine what would be considered "good enough" multiples and internal rate of return (IRR) for this type of project.

If you do not have any prior experience I would hire a manageable property by a manage company that has section 8 experience or if you are going to manage them, I would get it in a "C" location or better.  

You either get your money back plus interest or a deed to the property shows up in your mailbox with no additional work required.I got 3 properties last year. 2 houses and an acre of land.I sold one house as is with a QC deed, the other house my 2 adult sons have bought from me at cost.