Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

That includes landscaping too. 50$/month is pretty low if you have to get a company to do it but I’d just deal with it myself. 

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

This could include an annual licensing fee from your municipality or a stray utility bill or whatever. 

Make sure to get it installed with a 3-way bypass so that even if you remove the filter, you can still have water to the apartment by turning on the bypass valves.US EPA requires city water companies to have 1 ppm of chlorine concentration at the consumers faucet so that there is no danger from waterborne microorganisms.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Driving for dollars and handwriting letters is very time consuming.

If you factor in 8% PM, 10% vacancy including economic vacancy and capex/opex of 10% (5% each), your costs (still not including T&I) would come up an additional $2016, for a total of $8895 at 1.25M and $6969 at 900K 

Also, are you charging one flat rate to include utilities or charging rent plus splitting up utilities?

Also include pictures of the land.Is the land buildable / usable?