You are better off budgeting money for maintenance and capital expenses and keeping a reserve in case issues arise faster than your budgeted money gets socked away from incoming rents.

Hi,
Does anyone have placeholder amounts (numbers or percents of something...?) they use for total utilities, or broken down by water, electricity, heat if unknown for multifamilies? I’m looking around RI, MA, NH to...

Structural repairs can be very expensive, so it can be hard for condo associations to convince members to pay for them / to save money to pay for them in the future.

There are still areas where you can buy units for $200k/ door but they require a lot of work usually and covering all operating expenses and interest payments can be challenging base on low-ish rent levels in some places.

However building small unit count, small units is very expensive housing.

Some cities require the STR permit number in the title or very top of the OTA listing so city permit  technicians can scan and keep track otherwise the owner will be contacted and fined for forgetting or shut down if operating illegally.Some cities have a 24/7 STR hotline dedicated to receiving any complaints (from neighbors, HOA) for a code compliance officer to act onSome cities issue expensive fines for those operating without the STR permit

The cashflow goes up every year as the mortgage is a fixed expense but rent increases at least with inflation and much faster in certain areas.

will add it to my template response for why house hacking is better, why it works in expensive markets, and how the goal is not to 'cash flow.'

The same as interest expense and amortization impact cash flow but not NOI.  

It’s under $500 so not an extreme expense but I argue that it falls under the NNN maintenance purview, responsibility of the tenant.