I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS-  low prices-  blue collar overall, meaning lots of resources for contractors-  growing university, consistently growing rents-  I expect to see an actual 10% cap rate here, higher if the property needs work-  compared to downstate, permitting, evictions, etc. are simple and quick-  no code compliance inspections required on existing multifamiliesWEAKNESSES-  no. natural. appreciation.

Unfortunately, this will actually bring my cash flow DOWN due to the interest rates. 

@Liam Lee, maybe you need to understand what these fees are for first!

What fees should I expect?

I have done research into this loan and it seems like a good loan for me even though it seems like these loans typically have higher interest rates than a conventional loan.

But if you have it financed at 80% LTV you have achieved 4x return of the inflation rate.

Borrower contact information (name, address, phone number, email) Loan details (account number, loan amount, outstanding balance, interest rate, payment history) Copies of loan documents Borrower Notice: The original lender should notify the borrower about the transfer and the information being shared with the new servicer.

You could charge a flat fee on utilities with a clause that states if bills exceed $X, then you split based on square footage.I've done all of the above and it has worked out.Regarding the thermostat, you may want to put in a mini split for the JADU in case your tenants like one way but you like the temperature another.

Guests are more likely to leave favorable comments and recommend your property to others.Higher Occupancy Rates and Rates: Properties that are professionally designed often command higher occupancy rates and nightly rates.

The cancellation fee will be calculated at the amount of the last full month Management Fee rate multiplied by the remaining number of months in the term or until expiration of the existing tenant’s lease, whichever is greater.The background: I was using LSI Property Mgtm Corp to manage my 3 duplexes in Panama City FL.