Charging these fees also helps you reduce your costs and risks, since you're able to have them effectively screened, without having to foot the bill for every applicant that applies to your property.

If so, what do they typically run per unit or square foot?

@Ryan PassiI agree that you need to look at a variety of factors including - price per square foot, potential upside and what it takes to unlock it, current vacancy (you rant vacant units due to rent control), GRM, price per unit.

I am researching & looking for what cities make the most sense to me but I would love to read some opinions from investors.I would like to get my foot in investing by the end of this year. 

Im looking for my first investment property and want to start off on the right foot.

It’s located on an extremely busy road, with 150 foot of road frontage.

However, I can tell you from my experience...if you are planning on adding an addition off the rear of a “typical” Philadelphia rowhouse...the existing footings will not be sufficient to build on.

Purchase price: $240,000 Cash invested: $12,000 This deal was just a way to get my foot in the door.

Make sure you are not a single square foot less than 50% on any leases/agreements.If you go commercial, I'd think that the lender would rather have an established owner occupant business than just completely vacant.

I’m currently working for a company as a Property Manager. I manage two multi-family assets in the Charleston, SC area. (300 units total) I’ve been employed with the company for 2 1/2 years. I’m looking to broaden my ...