Hi Sean, I’m a “newer” investor and have a few doors in the Midwest, including Memphis and Detroit.

I always include facts proof and data, but it always lands on deaf ears. 

Wise investors are putting systems in place (including property managers and other service providers) so that these risks are mitigated without investor being involved.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

And will have ..a GREAT FORUM…that has the typical…” Deals Available” section.PLAN ABut… the deals REQUIRE … a) the seller post the deal and …b) Include ….

Sister's rent amount, term (date of refinance), mortgage payment responsibility, insurance responsibility, utilities responsibility, tenant selection responsibility (since this will be a multifamily property), property management responsibilities including repairs, maintenance...2.

Economic vacancy includes anything missing from the gross potential rent, including both actual vacant periods and unpaid rent in occupied units.

Plans need to include how to fund things and to have flexibility to deal some unknowns or uncontrollable things such as a tenant leaving or not paying. 1.

I was quoted 12-14k for new central heat and air which included all the duct work.

It is usually simpler to hire someone to maintain the property and include the cost in the rent.