So this line of thinking, real estate buy and holds is a business BREAKS because of the recourse nature of Fannie-Freddie loans, thoughts ?

(maybe not that bad, but point being: the incentive to perform usually just isn't there for the PM in these scenarios).Properties in A and B areas are usually easier to manage, but of course the cashflow doesn't come naturally, so value-add strategies that force casfhlow are often the only option...I don't know anything about the Memphis market, but if the property is $150k and rents for $1350, that's pretty close to hitting the 1% rule--which would make me quite skeptical.

@Travis Reed the house getting trashed and parties is pretty much a guarantee for most college rentals--it's the nature of the beast.

Those who spread nonsense and insist on the correctness of their nonsense have created the mentality that wholesalers are stupid, they are full of nonsense, wholesale should be illegal and ...I hope that all the wholesale partners will achieve this way of thinking, even if a few months have passed without a deal and money, so that they do not start delivering nonsense and disturbing the nature of this work.

For me it was about $5k to repair framing and termite treatement was <$1000.Naturally, any termite house is going to be different.

It's just the nature of the beast.

., I own a few long-term rentals in my personal name, and my accountant files them on schedule E (1040) as supplemental rental income.

Was considering either putting in a new natural gas furnace & A/C unit, or just installing an A/C unit on the existing forced air oil furnace.

In the case of larger apartment buildings you have not only economies of scale in terms of operating costs but also the cost to acquire per rentable unit is decreased.Example would be:$50,000 per unit of 2bd 1ba for 4 units - fourplex - $200,000 sales price50 units of 2bd/1ba could be $40,000 per unit cost = $ 2,000,000 sales priceSo now you've got 12.5 times the amount of units for only 10 times the price so you have more rents to cover your overhead and a higher chance to make a higher net operating income(NOI).Then again not all things are equal in every market and this is why the question is such so broad because in some markets you may get more rent for 2 bd 1ba condos but rent applied to larger apartment buildings may be less due to the crammed nature of your living quarters and other factors.

Live off of my passive income, sell some RE with my newly acquired license and supplement that with income from Brokerage funds.