We have two investments that are both undergoing extensive renovations and will be ripe for a refi in the next 12-18 months if rates come down.Jose - When your lease is coming up, you should ask @Kyle Swengel about mid-term rentals.

Usually this results in a big fat no.

The complex has 2 and 3 bed unit and we are currently undergoing the value add process.

It appears that Union City NJ is undergoing a tax evaluation of it's multifamily and commercial properties.

I love helping other investors do their first deal and make a FAT pay check.

As of late, some of the other big players have been trimming the fat.

Permits keep your city/county’s pockets fat, so that they can sit around a table and come up with more ways to swindle you out of your money.

REHAB PROCESS AGREEEMENTTENANT is aware that for 12 month lease time period this RESIDENCE will be undergoing periodic maintenance that may include disturbances to WATER, ELECTRICITY and STRUCTURE.

Anyway, that sort of stuff aside, the details of my expenses are as follows:Repairs & Maintenance - $1787.27Tenant Sourcing Fee - $0 (however, there are $5085 worth of debits / credits in this group, as described above)Insurance - $1660Mortgage Payments - $14,456.70Landscaping Services - $1440Utilities - Electric - $928.04Utilities - Gas - $1133.64Property Management Fees - $2885.52Utilities - Water - 568.28Unless I fat fingered something, those should add up to the $24,859 expense total, resulting in $13,009.55 in net income.

I think you're the expert.I avoid skinny deals and look for fat back ends.