Their service fees are charged to the tenant or applicant, not landlord.

Some banks may only loan based on the value of the land.  

Much less strict landlord laws and the area will be one of the huge beneficiaries of the growth happening in Newark.  

Plus the rental controls and non-landlord friendliness. 

Possibly they have a different address registered at land title.3.

Phase 1 - demo of a greenhouse sitting on part of the land - site utilities and 12-unit building turkey construction budget $2,043,100.00 -- $2,177,500.00The estimated rents would be approximately $1k per unit on average for mix 1 2 & 3 bedrooms- I feel like construction is so expensive and the market doesn’t support higher rents from what I’ve researchedShould I : 1) try to partner with the local government for affordable housing loans and grants?

Insurance: Make sure you have landlord insurance to protect your property and liability coverage.

I would recommend checking out of state markets where numbers and landlord laws make sense.

That includes the mortgage, the insurance, if there is any electricity the landlord is responsible for, if the landlord is responsible for any of the water and sewer, not all of those bills might be every month, some might be quarterly or twice a year like the insurance, and a small percentage set aside each month for vacancies, maintenance, and eventual capital repairs.

If the SF's homes work out as planned just 10 homes @ $600/mth in month 61 will be producing $6,000/mth cashflow with NO maintenance / landlord issues except evictions if tenant buyers don't pay. 50 homes $30,000/mth.