Which is also one of the 3 fundamental needs of a business most often (customers, product/service, place of operation). 

So thats kind of the standard operating procedures in those markets and nothing really sells for full list price..

If we assume $1285 in gross rent, or $5140 per month for the quad, the 8% PM fee would amount to $411 per month or $4930 per year after year 2.Now if we do some simple math:$18600- 6240 for miscalculated rent- 4457 for miscalculated HOA dues= $7903 in cash flow per year. 

I wanted to get in on the ground level with the hopes of growing with their brand new education company but quickly saw how they operate and realized that’s not what I wanted.

Remember that disclosure laws vary greatly by state, with roughly 50% of states operating under Caveat Emptor...which means no disclosure at all.

Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

We just liked how Rentec Direct was setup for us - it has a really simple interface, but did a lot of what we wanted.

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse. 

(Gas are more expensive to buy, but cheaper to operate.).