Spring & fall too?

I live in Florida so I am well versed in the notification to keep the deposit rules for Florida that is  Regardless of her willingness to entertain showings your biggest issue is lack of access to your unit   What if there is a broken pipe and gushing water out and she’s unable to leave work   You need to always have access   If you have a PM or not always have a set of keys   I don’t allow that to happen and immediately rekey   I’ve actually added an addendum in the lease for that very reason   

The only shared utility is the hot water . 

Think about the cost of an A/C system or a hot water tank.

I hedged my bets that the property would hopefully go up since the Arizona market had been so badly beaten up and that the location was so strategically located to a very popular campus ( Arizona State University) and there was speculation that they would be building the Cubs Spring Training facility across the street ( lucky for me they built this 100 million dollar facility)..

Basement was 1 bed /1 bathCurrent Unit Breakdown: 4 Bed/2 Bath for all units.Changed occupancy to a Legal 4-unitSummary:Purchase Price: $1,550,000Rehab: $385,000ARV 4 Unit: $2,500,000 Equity Created: $500k+Projected Monthly Rent Roll: $17,500/monthProjected Monthly Cashflow: $3,328/monthLessons Learned:During a gut rehab of a multi family, you can sub meter the water to each unit.

Basement was 1 bed /1 bathCurrent Unit Breakdown: 4 Bed/2 Bath for all units.Changed occupancy to a Legal 4-unitSummary:Purchase Price: $1,550,000Rehab: $385,000ARV 4 Unit: $2,500,000 Equity Created: $500k+Projected Monthly Rent Roll: $17,500/monthProjected Monthly Cashflow: $3,328/monthLessons Learned:During a gut rehab of a multi family, you can sub meter the water to each unit.

During a gut rehab of a multi family, you can sub meter the water to each unit.

You going to manage yourself 10%, screen the tenants (between 1/2 and 1 month of rent for placement) fix the plumbing (hot water heater goes out $800), toilet clogs $150.

New Hot water heater.