It depends on the HOA and other expenses along with your down payment though.

You don't want the tenant bringing in a "30 day notice" if your jurisdiction requires 90 days. 

Hello, you'll want to be aware of any lender seasoning requirements.

Your subscription will get you discounts on furniture along with some other cool benefits.Last thing, cheap furniture, particularly furniture that gets sat on, ends up being really expensive furniture because it has a limited lifespan.

(he said he's ok with this since this would be an unsecured loan) The purpose of the loan would be business expenses, growth through advertising and for new route listings.  

Also given how busy they are it’s hard to get one that’s good and not super expensive.

There is a difference between an operator who did not communicate any problems until the email about the capital went out and the operator who was constantly updating investors on the asset and the difficulties and challenges and preparing investors for the possibility of a capital call prior to actually going through with a capital call.I think the biggest lesson I have learned as an LP over the past few years is that I will absolutely require consistent, thorough and realistic communication from any operator I invest with. 

I suppose you could save some money that way but at this point it is going to be so expensive it won't even matter anymore as you will be punch drunk with the invoices piled up on your desk.

I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS-  low prices-  blue collar overall, meaning lots of resources for contractors-  growing university, consistently growing rents-  I expect to see an actual 10% cap rate here, higher if the property needs work-  compared to downstate, permitting, evictions, etc. are simple and quick-  no code compliance inspections required on existing multifamiliesWEAKNESSES-  no. natural. appreciation.

This can be a very expensive lesson/mistake.My lesson was luckily at another local investor's expense.