Hi Everyone,I own 8 units in Cleveland and recently my property management company has been choosing vendors that charge extremely high prices for any fix. 

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

I would also highly recommend getting a business credit card to purchase furnishings and later supplies for the property.

I own quite a few multi units with high turnover. 

I would never recommend a buyer going up that high to purchase a train car! 

I would also recommend you expand your strategy to reaching out to local high producing agents and inquire about pocket listings as well (listings that are being sold off market and not on the MLS).

Be prepared to pay points and high rates compared to a HELOC. 4.

Little supply, high demand ... voila, high prices. 

With a purchase price of $20,000 and a sale price of $39,000 on the same day, the property promised immediate returns.

But a multi member LLC files it's own return.