Additional increases will be required if extensive repairs are required by the Health Department.

With moderate increases this year, we’ll be at a positive cash flow of over $2,000/month ([$3,500 income - $1,500 mortgage] - Taking into account Cap-X, vacancy, etc. and cash flow is still over $1,500 which meets our goal of $500/door).Fitting that its in the "Milk District", because its certainly a cash cow for us!

It hasn't sold yet, but for the sake of this post, let's just say it will sell for $185k.It is now roughly 9 months after purchase and I have increased the value of the home from $115k to $185k.

The best way to scale up is to sell any SFHs and purchase multi units(5+ units value driven by cap rates).You could continue buying SFHs but that will only increase your work load and risk. 

And, if 60% of the units have been updated, you need a CapEx plan to address the other 40% to increase rents.  

Most places have a shortage of construction labor, which has increased the cost, but your area may not be affected.

If they like carpeting, they can get their own area rugs, color and patter of their own choosing, and take it (and their dirt) with them when they move.

Just heard on NPR interviewing Ali Velshia) Surplus of apartments in NYCb) Pullback of foreign investorsc) 5% price decline avg sales price, 17% decline in salesd) Increase in inventory discuss?

Hi everyone, I recently acquired a few multi family properties with section 8 tenants and as far as I can tell, the last landlord did not increase rent in over 5 years.

I also recommend finding a mentor to keep you focused, accountable to your commitment, on track and help you increase your learning curve and shorten your timeline to success.