I'm a financial planner who works with real estate investors - we have a client who plans to renovate a Clinton Hill (Brooklyn) property that has been in his family for generations into a multifamily rental.

Looking to get started in rental properties.

@Mario CastellanosBIG assumption but if accurate it means the property is under water meaning they owe more money on the property than it is worthThey would not be able to sell it without lender permission essentially.

We own and self manage three rental properties.

Is that per TV or cover the whole house.I have upscale vacation rentals so I'm personally not cheating out by not providing cable channels.I even put this in my ads. " If other properties aren't even providing cable channels, what other corners are they cutting?

Note that these folks are super hard on properties though.

So-- I've built a co-living company, that has just reached 10 properties and $50K a month in revenues.

This property had strong potential for adding value, especially with its ADU (Accessory Dwelling Unit) potential.

I currently have one property in CA and just got done purchasing a property in Columbus, OH.

So you would be getting a hit of $1,642.5 per month on the properties based on the numbers you provided approximately.