Having a license is cheap, being able to use your license in any meaningful way is expensive.

Ask for a clear breakdown of costs and details about the extra expenses.

But I feel like subdividing in this way would be too expensive.

The number of properties needed to generate $15k in net profit each month can vary greatly depending on several factors:Purchase price and down payment: More expensive homes require higher initial investment, but may also generate higher rental income.

But, for sure, It will be an expensive, legal entanglement, with no clear path to a solution. 

Another example where spring/fall inspections are a good idea.1) You can look for leaks and other indicators to catch problems before they get to be huge expenses.

Very inexperienced sponsors who are great at YouTube, TikTok and Instagram - but most of those people if asked to run a sensitivity analysis on the impact of interest rates, increased vacancy or increased expenses would look at you like you had six heads and would not even know where to start.

Property managers can also be expensive.

I’m thinking of using some of the refinance money to start the garage conversion by doing the portion where the roof needs to be raised which is the hardest, most expensive part.

We use MLS data (active listings), cross-reference rental comps, take out expenses, and produce an NOI and Cap rate for every single family and small multifamily available simultaneously.