Would love to see your original response, Travis! 

It’s crucial to run the numbers and consult with a lender who can tailor solutions based on the specific investment goals.Best regards, Stevan 

@Drew Sygit had an excellent response regarding property class.

There seems to be a lack of due diligence before properties are listed, and when questioned about the discrepancies between advertised and actual returns, the responsibility is often shifted to third parties.While it is true that there are properties within their portfolio that do cash flow, finding these requires careful due diligence on the part of the investor—just like any investment.

Others are responsible with their budget and can stretch a dollar.If they are excellent renters, I would offer them the option to renew and let them make the choice.

Why mention the tenant will be responsible for appliance repair above ordinary wear-and-tear?

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

I mean, you can leave this here...but you'll get significantly more responses in the other forum.

I can't emphasize this enough: it is absolutely crucial that you hire an agent or manager who knows the area before buying a student property here.

Every example listed above this response referenced rental amounts of at least $2,000.When it comes to managing Class B properties/tenants, the flat fee model can still work, but issues with services start to appear.We've not seen a flat fee PMC effectively manage Class C or D properties/tenants here in Metro Detroit.