The expenses seem a bit low, but they just did a lot of capital improvements which may explain that number.As for what to expect in maintenance costs, well that varies of course but nationally for multifamily naahq.org publishes repair/maintenance costs at 3.7% of gross rents.

Good Morning BP Nation,Any North Carolina investors (Mecklenburg County ideally) have any good foreclosure lawyers in their Rolodex?

We use the bank ACH linkage to provide the escrow with the proper source of funds.From the Texas Securities Board:Payments received from investors for the purchase of securities (investment commitments) must be directed to and deposited in an escrow account with a bank or other depository institution located in Texas.

Is a note from a private origination different from an institutional origination?  

BP is a great community and Kansas City is one of the best buy and hold markets in the nation. 

The downtowns remain the hot spots for new supply and high rents, but the metro market overall remains a top contender nationally as it has for the past few years.

In the small resort where I enjoy time at my Spanish property, which lies in the just beside the picturesque Bay of Roses, people from all walks of life and of all nationalities – many of them non-EU citizens – have been enjoying life there for many years, moving freely to and fro.Brexit or no Brexit, British people will continue to be able to buy property in European countries and live in them, just like nationals from non-EU European and non-European countries have done for decades, even centuries.In my mind, I believe sufficient mutual appreciation exists between Spain and its significant number of British homeowners to minimise the potential disruption of Brexit to British homebuyers there, now and in the future – not forgetting the millions of euros that British tourists and homeowners bring into the Spanish economy every year!

The Jacksonville market is in the top 10 hottest markets in the nation right now.

To me, unless you're buying stable institutional class assets, worrying about cap rate is largely a waste of time.Andrew

You'd want to check and see if that's allowed by your institution.