I had a 5 unit on month to month and after a major costly repair (water issue) 4 of 5 units gave notice in December so I had to accept much lower rent to fill the 4 units.

If the taxes are too high, show how you can get them lowered.

Reason being is a) lower interest, and b) cash flow.I refinanced one of my properties to a 15-yr (6%), which was great but after thinking about, I should have refinanced to a 30-year.

Reason being is a) lower interest, and b) cash flow.I refinanced one of my properties to a 15-yr (6%), which was great but after thinking about, I should have refinanced to a 30-year.

Luckily the time frame works out that I won't be needing to give notice until after we close.

You need to make sure you don't train people to throw away your mail piece and if they see the same thing every month they will eventually not even look at it and just toss it.As for frequency I think once every 4 weeks is a good time frame.

Turnkey properties will have a lower cash flow and upside potential.

Purchase Price with closing: $130,000Rehab: ~$80,000Total all in cash: $210,000ARV: $270,000 on average (low-end would be 250k and high-end would be $300k but a house just a block away appraised for $325k recently with lower finishing than what I am planning)If we flipped the property:Closing costs: $21,600Net: $36,900If we refinance and then rent:Rent: $1400 (but could be $1600 based on other comps)Tax: $100Insurance: $200All utilities: tenant responsibilityProperty Management (10%): $140 (we would self-manage but I like to build this number in my calculations)Vacancy (5%): $70Repairs (5%): $70CapEx (5%): $70Net: $750With only a net of $750, pulling out our cash via refinance the property would put us in a negative cashflow.

And a maxed line of credit will absolutely lower your credit score.

Property Mangement & Construction Company LLC quoted me a price of $3K which I think is probably on the lower side.