.- Lastly, use the BP search function (top right corner) to look up topics and local professionals.

I have a condo that generally functions as a short-term rental.

This is different from the security deposit which has a different function.

There is actually less "wear and tear" (which is the SOLE function of a security deposit), so equal or less security deposit is needed. 

Fully functioning house hack #2!

If that's the case, billionaires are dumb because they are buying the most expensive deals.Risk is not a function of purchase price.

You only have 1 tenant covering all your expenses (maintenance, cap ex, etc)Your first question I’m not exactly sure what your asking. i generally look at rent as a function of the purchase price to initially weed things out.

The functionality is very limited. 

$xxx for a fully functioning complex - $yyy which is cost to take care of all deferred maintenance = $zzz which is my purchase price offerIf you have never done commercial loans before, note that you will not get a 30 year fixed type loan that you might for residential loans. 3, 5 , 7 and 10 year ARM loans are common and rates will probably range from 3.5% to 4.25% (based on rates today). 

Purchase price: $550,000 Cash invested: $50,000 32 Unit Apartment Complex 1 Mile from Greenbrier Resort-24: 2 bed/ 1 bath units (Current rents = $400-$495 ; Projected Rents: $650-700)-8: 1 bed/ 1 bath units (Current rents= $300-$400 ; Projected Rents: $550-600)-Purchased at 7.76% Cap Rate -Current NOI = $32,500/year-Mom & Pop Managed-Owner Paying Water ($28,000 Bill in 2018)-Laundry Mat on Site = Not functional-Purchase Price: $550,000-Appraised Value on purchase = $700,000Big Value Add Opportunity-Renovate units to bring to market rents-Repair plumbing leaks to reduce water bill-Bill back tenants on $50/monthly water bill-Get Laundry Mat up and running-Area CAP Rates 9%-Even at current 2018 expenses (we will have these reduced after Cap Ex repairs on units and exterior) we will be at value of $1.7million+ Plan is to bring NOI up, perform cash out refinance in 24 months maximum.