You take the gross income  and subtract out all of the operating costs and expenses (taxes, insurance, gas, electric, water, trash, lawn, snow, maintenance, CapEx reserves, management, etc).

You can clean a property, set up a wireless alarm system, turn the power or the gas on and off, touch up paint throughout a fixed house, go through the MLS, answer the phone, follow a checklist, fetch coffee and donuts, plug numbers into a calculator or spreadsheet, file paperwork, and drive.

They finally responded to my message and told me they planned on coming back to finish cleaning but at the same time they left because they were sick and tired of the rat issue.

We cleaned up the place, Added efficiencies such as additional insulation and new plumbing.

We cleaned up the place, Added efficiencies such as additional insulation and new plumbing.

Keep the paperwork clean, legally and also for taxes.

Putting in a small investment with a deep clean, new carpet, paint, light staging, and minor home fixes we were able to sell the home over asking price.

I am also not planning on adding any electrical outlets on that wall.My question is, do I need a permit to do so, the work is fairly easy and I can do it my self.

The apartments are clean, don't need anything and have good existing renters who want to stay. 

If they are out and leave the place empty and clean, I give them their deposit back less daily rent on move out day in cash.I really prefer to do the walk through without the tenant.