Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

If you want to pass on benefits a renter will appreciate, buy a condo or townhouse with community amenities and included utilities.

Many include videos teaching you how to use them.

My estimated monthly expenses including taxes and insurance will be somewhere around $6,300 so I will no doubt have to raise rent significantly to pay the bills but I am thinking about raising them to bring in at least $7,000/mo for now and then make more subtle rent increases over the next year or two unless I have a turnover. 

Social media and online marketing - we signed up with our web developer for a service she began offering early last year where you pay a monthly fee for continuous SEO, including updates on social media, etc.  

House values in the area have increased about 5% the past year and the Greenville area and surrounding areas are rapidly growing.The monthly expenses (including utilities and 5% for repairs and 5% maintenance) come out to $2,291.

It currently rents out at about a $100 cash flow including expenses. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Many people are aiming for -$500/month cash flow now and then hoping to break even or go positive after refinancing in a couple years at 5%.- You're right, if you want to maximize your first priority (positive ROI), you'll usually benefit more by finding an underpriced rehab on or off market and then developing it with an ADU and/or DADU.