(We knew the parents so my wife just about adopted these sheltered girls).The OTHER girl's BMW would not start & it was blocking her vehicle against the 2 car garage & she has to get to her Gross Anatomy final (Yep final year pre-med).The wife went over (2 miles away) opened the garage door (no-one ever parked in as they had already lost the remotes) and she was able to drive into the garage & back it out.Same girls called the wife @ 11pm for baking soda to make cookies.

What that means is that if your gross rent per month is 1% of your purchase price, you are setting yourself up to have a successful LTR.

With multi-family, we can use 75% of the gross rent from the vacant units to help you qualify for the loan. 

I’ve also heard a few investors say that it’s a good rule of thumb to set aside 10% of my gross income every month for CAPEX.

You can call around and get quotes.A PM will take 20 to 30% of your gross income so this will be a major expense.

I am a pharmacist by trade but have an ecommerce S-corp side business doing ~$500K gross sales per year, along with a YT channel.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

If we assumed a modest 2% annual rent increase on the base $1,200/month rent it's at now, the 1BR version of this unit would bring in a total gross rent of $157,675 over the next 10 years. 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Total gross rents would be $5700/month no additional work would need to be done and I could get traditional financing.