I mistyped 3900 and meant to say 390 acres, but just looked it up and Kelly Park Crossing development is actually 694 acres in size.

We set aside a portion of our gross rents each month (usually 15-20%) in a capital improvement account and then we can use that account to fund repairs like roofs, AC units, remodel of kitchens or bathrooms, new appliances etc.You will always find something to spend on , I would spend some time to prioritize your capital spending, and to plan ahead of time for big ticket items to keep your place in top condition.  

We jumped into a new market and also into a new asset class (mid sized multis) in the last year and it has been great, we have bought a 12/19 and a 32 unit the knowledge I have gained has been amazing. 

Since the units are not the same size, I just bite the bullet and pay for the water. 

And it's $1.00 for any size.2.

On the plus side, I've flipped 2 properties of different sizes so I understand what my costs will be. 

Thin margins on rehab ARV, thin margins on rent, no unit standardization, larger lot sizes that are less tax advantageous, and frankly not enough people doing it to make an exit predictable and easy.

It may take a few days, maybe even longer, but you may get a call that the seller is willing to pay for it to be fixed or a portion of the cost to be fIxed.If you don’t get resolution that way and don’t believe whatever excuse you were given, you can consIder calling the broker the agent is wIth.

What houses sell and rent for vs location/size/condition. 

In the past, It would take about two months to rent it out due to the small size.