I break it down like this (5% - $22.50 Vacancy5% - $22.50 Credit Losses (Uncollected rent and skips)10% - $45.00 Property Management5% - $22.50 Maintenance/Repair10% - $45.00 CapEx (Depends on age of property)5% - $22.50 Tax and insurance10% - $45.00 Utilities, Landscaping, HOA fees, etc.5% - 22.50 Misc (Pest Control, Legal, Accounting, Leasing)Total = $247.50Common Expenses to look for (What you provided):Vacancy ($22.50)Property Taxes ($30.83)Insurance ($25.00)Maint.

That means they’ll have absolutely no impact on your FICO scores.When the mortgage inquiries age past 30 days they become fair game and will be seen by the FICO scoring system.

Granted, you will have naysayers who will joke at you for being a young guy (trust me), your enthusiasm at a young age will bring people to want to invest in your future.

Due to my age and lack of a 30% down payment, bank loans are a no.Along with my financing question, could someone give me the simplified steps of the development process for a multi-unit building all the way from conceptual design to groundbreaking?

Neither of those sites impact your credit score because they do a soft pull on your credit.Other than that, don't open up too many credit cards at once (maybe 2 cards total), because too much at once impacts your score in a few ways (hard inquiries, new trade lines, and age of credit history).Last, pay your bills on time...late payments really negatively impact your score.

Ruining their future by having a black mark on their record at an early age is not an option for the student or their parents.- Many outlets to find tenants such as university sponsored programs, websites and even student run social media pages to find housing.- If the school has an international program, short term - higher rate rentals are plausible.  

Housing is a big expense and if you can get yours paid for that would be very beneficial at a young age. 

You may want to find out how old the equipment is in the place ( hot water heaters, furnaces) and even the age of the roof

Its just the ramblings of a middle aged old guy with a W2 and a half baked plan!

I'd like to pick up either one of these lots to be able to expand what we want to do with the house.Both owners live in other states, and through many online searching found they're age 63 & older, with kids that now have families of their own too.