I hope someone can help with what kind of big expenses  are in the multi family properties i need to know when looking for properties(can only think of roof, deck, insulation , heating system )Also, Not sure if I jump ahead but I am trying to sort out all the related expense for rental property below with my conservative estimate per yearProperty management fee (10%)insurance :2500property taxes: 2000 -3500Owner paid utilities : 2500( in case of paying oil burning heating system , if tenant pay their own electric heat so i guess i can eliminate this expense)snow/lawn: 1200Accounting cost: 100Vacancy reserve (5%)Maintenance reserve (10%)Can anyone give the idea if i include these expenses correctly ?

Hi Neil, congrats to you and your wife on the exciting adventure ahead!

@Cole Durbano - It doesn't hurt to go ahead and contact a lender, have them explain the process and qualification requirements, and run an estimate or series of estimates for you so that you will know what to expect in terms of cost for homes at different price points.

Hell, with the time I've spent on these replies, I could have registered 1/2 dozen LLC's and EINs :)I even emailed my buddy a "cheat sheet" so he could click though the menus faster than I did my first time.  

If you are click bait you have me hook line and sinker! 

@Nate Valentine Same as @John Teachout unless the tenant gives you a heads up (there is a line in the sane though, if they hit you up every month stating they are late you have a problem).

Still, even after accounting for all those things, existing construction comes out ahead strictly from a numbers perspective

@Gia S. it sounds like you have some tough decisions ahead of you.

i am going to househack my 1st property so iwant to get a head start by analyzing properties that i am interested in. my goal is to airbnb (STR) the bottom half of the home to hopefully produce faster and higher income by making it look nice.and the i will be renting out one upstairs room while istay in the other one.I am currently using rentometer but its just giving me the monthly rent for the whole unit so iwonder if theres another site for just rates by the room?

(Like if it requires the buyer to take over a lease or loan on them.)Feel free to click on the magnifying glass in upper right.