General Rule of thumb to use for SFR, but can be a quick guide for what you're looking at..1% for A neighborhoods1.25% for B Neighborhoods1.5-2% for C Neighborhoods2+% for D Neighborhoods.Not sure of the exact location, but I would venture to say you're probably in the C range in Madison and the way she is charging tenants/ vacancies.As-is with vacancies I would estimate $390,000.Completely Occupied / No major deferred maintenance $590,000.I'm curious to see other peoples thoughts on this too..

Keep me posted on your ventures and I'll do the same!

I kind of fell into this situation that I wanted but I didn't take control as I should have early on.

Though it will take diligence, go for the local deal if you possibly can.I wish you all the best with your new venture.

(It would require a hell of a lot more low voltage wiring and BMS points)You mention that you have 6 "zones" controlled by thermostats, which doesn't technically mean you have 6 units.

There is an incredible morass of regulations and laws controlling consumer residential lending that you may not want to get yourself involved with. 

There is also the distinction between passive custodians such as listed on the nuwireinvestor page referenced and advisory firms that implement and support plans offering checkbook control.I strongly applaud your desire to have the IRA piece figured out before pursuing opportunities, as that is critical to your investing success as well as IRS compliance.Check out a handful of companies, both on the passive custodian and checkbook control side of the equation.  

Hello BPs,I read an interesting article for pest control - and it come to my mind -  how many of you have a pest control service maintenance as a yearly line item maintenance on your rental properties?

If you are looking to purchase 2 properties make sure you can get financing for both before venturing into the first deal if you are seeking loans on both.I would suggest to keep your eyes open on a foreclosure or short sale if you are very handy and like to fix things up.  

In my experience somethings are out of your control and you just have to wait for when it comes back on the market.