Does anyone have any contacts who have done similar affordable cost builds.

We will provide comfortable homes for renters at a reasonable cost.

@Kristen Dolotina As a landlord, you can deduct expenses like mortgage interest, HOA fees, repairs and maintenance, insurance, and travel related to managing the property.

With any rent-by-the-room asset, you need to hire resourceful management.

Even with management software, you still have to run a business and be as good as or better than your competitors.

@Ivana Ivanovic I would say 8% is low to cover both vacancy AND repairs.If you expect to incur just one month of rent lost every 12 months, you'd be looking at an 8.33% (1/12 of gross annual income) vacancy rate.And, even for a brand-new build, you're going to have some repair/maintenance costs as long as you've got human tenants.

I am looking at a property with a property management service in place and they charge 40% for each rental.

I had the listing on Avail (which I use as a rental manager, and posts to many other popular rental sites), Zillow, and Facebook Marketplace.I already have a Section 8 tenant at Property #1 (which I acquired during the purchase), so I'm not opposed to the program at all, and to be honest, they pay above market rent in my area, so that worked for me.

Look, it's simple, how much does a tenant nightmare cost?

Purchases Price 170,000 Cash invested 35,000Hard money at 10%Repair cost: 40,000ARV: 275,000 (TBD!)