Do you operate seasonally?

AIM: FLIP to start and build up additional liquidIty with a long term focus on the BRRRR strategy and generating sustainable cashflow through multI-family properties.

Always keep in mind you are operating a business in which your tenants expect these issues to arise.

If people factored in the costs to operate a property as part of the purchase equation, then perhaps they would be able to compare apples to apples, but that's just not how we value property these days.

The local office is no help so we contacted the Vice President of operations COO of this very large company.

Greetings BP family, I have just recently had my eyes opened to the real estate world and I am looking to create generational wealth for those long after me to come.

My husband and I own and operate a property management company in Alabama.

Cap Rate is based on yearly Net Operating Income (NOI).

There is a startup called RentBerry that operates as a rent auction, you might want to look into it.No issue with fair housing - there is no protected class you are discriminating against by running an auction.

Last but not least, if I buy the business and operate as an absentee owner (not involved in daily operation), is a license still required?