If you are interested in rate examples The Highland Group published a 2018 report which gave high and low rate ranges for 271 markets for stays 30+ days. 

Hello All,I am waiting for my first 4 unit inspection report, but want to be prepared to either drop the property buying price down or instead do the found repairs.Can you guys shed some lights on the some ways to approach this task?

This is besides for illegal units, very common here, folks collect rent in cash and it don't show up, so if I was a seller doing that, I wouldn't want to spill my guts and say "hey, I collect another $1,000/month that I don't report".

However, we believe it would be wise to use the LLC and a joint bank account under the LLC’s name to track cash flow.From a perspective of reporting taxes, would the LLC limit us?

 There are many different ways to create a business model I would definitely make sure I understand all the laws and regulations such as fair housing discrimination fair credit reporting act and local property code before you go down this path you may be creating a lot of extra work in a lot of potential lawsuits and litigation if you’re not versed on the laws that protect tenants  I would just ask yourself what the goal of the reason you’re doing that is if it’s to save a little bit money or not deal with an incompetent property management company then you may want to change companies before you go through all of this work just as a side bar of what you’re trying to do

View report*This link comes directly from our calculators, based on information input by the member who posted.

Based on the home inspection report, we asked the seller for a $1,200 concession, which they agreed to.So we've managed to snag the duplex for $63.8k. 

I'm going to reveal my noobness but if you do that ....

This is someone to whom you will report your progress, say on a weekly basis.

You can listen to all the quarterly conference calls of a REIT, read all the quarterly and annual reports, and you'll still have the smallest fraction of an idea as to what's going on when compared to what's happening in your own portfolio of directly-owned properties.MG