With scenario 2 you can do a cash out refi on your current units and take that money to acquire more units...ideally utilizing the BRRRR strategy so you can keep growing faster and faster.

You and your boyfriend might be tempted save money doing the renovations yourself, but if you're paying someone else for labor and materials than you'll be more worried about quality work than doing an inferior rehab.

So you either pay for 100% of utilities or pay for individual metering/submetering (not cheap).

I'm not saying tenants should be allowed to run wild and do what they want, the contract should be enforced.However, if you tell me you pay each and every one of your utilities and contractors on the same day every month, you either have your accounts on auto-pay or you are a liar.

I think it is smart to have a minimum cash flow goal, because anything less than $100 - $200 per door could easily be eaten away by higher-than-expected repairs or utility bills... and then you end up in the negative cash flow zone.

Every successful business understands the importance of utilizing social media.

Its ok if the water bill is in the landlords name - just have a utilities charge, separate from the rent, in your lease.

However, for those who plan to utilize the systems and tools mixed in with face to face relationships, the model is truly golden.  2400 agents to 8000 agents in less than 14 months, the numbers certainly don't seem to paint a picture of a company destined to tank at the first burp in the market.

. + Public utilities as defined under Tenn.

I received some quotes on getting the utilities and septic on it, and I’m looking at about $10k to get it going minus the $4k or so worth of timber I can have removed.From here I still would need a mobile home, which I wouldn’t really have money left for after the utilities are setup, so if anyone has any advice on picking up a mobile home free or at a low cost it would be appreciated as well.