He chose the rental because the usual rent is $750 and this landlord charged $700/month rent, not realizing it did not include cooking gas.

It was a long negotiation with the seller and many issues with the company that did the removal and took me at least an extra month to close.

@Lowry Coe, Hey dude, I'm going to start with the meat and save the potatoes for later. 

It's really nice in kitchens when you're cooking on a stuffy summer day, and tenants do seem to like them.That being said, we get the economy ones for our property management portfolio in ct, and usually get them for $50-100 right off the shelf at Lowe's.

I tell every prospective renter that these ladies work for me, and once a week they'll come over and clean your house, cook you dinner, give you a bubble bath, and anything else could happen after that.I also have a billboard in the parking lot contractor have to park in.My calendar is a piece of posterboard with 23 lines across it, one for each address. 

I can't afford 20% on a 3 family, and the 20% on 2-family scenario just seems off to me at 4% COC ROI. 

I used to flip and buy & hold single family rentals but now focused on multifamily.I have also had a college student working with me at one of my properties and have mentored many others on a more hands-on approach. 

There are not many deal breakers for me at this stage of the game, but I want to know that...say...the Federal Pacific electrical panel will cost about $6000 to replace and if I leave it, I may have difficulty getting insurance. 

Snowfall is 60inches annual.The BP calculator had me at 20% cash on cash and $420 positive cashflow.

If you can have some sort of cooking and laundry facility for each unit, you are good to go.As John Osbourne one said..."