The table didn't include the "organizational cost" or the management fee, but in the "Confidential Private Placement Memo (50 pages) : they listed it as  $35,000 and $15,000 respectively.

That includes studio apartments and 5bed/3bath homes. 

My favorite part is that we can take the percentage of the structures assessed value (assessed improvements value / assessed total value [including land] = Percentage) and the play our purchase price by the percentage to get our depreciable basis (not including acquisition/closing costs, of course).

Expand your network and explore social media events.

Make sure your contract includes 'and/or assigns' language and a marketing clause to be able to promote it.

Make sure to ask about including errors and omissions policy, then if something happens like a software malfunction, etc. and you cost the homeowner thousands of dollars, you have insurance to cover that.Safely or Waivo are nice to have as well, they cover damage from a guest including sheets and towels, and I think also thief.

New investors tend to fail in factoring in all costs, including repairs, maintenance, vacancies, and property management fees. 

There are estimated 8.5M Akiyas in Japan, completely vacant, including in major cities like Tokyo, Osaka, and Kyoto. https://www.businessinsider.com/japan-millions-empty-home-ak....

Curious if any tax pro's out there know if capital gains from sell of SFH rental property is included "Provisional Tax" for SSA tax purposes.Thanks,Paul

However, in many cases you likely won't be able to obtain by-laws until you are under contract.I would have your attorney include a specific "HOA" rider in the contract for this exact reason- It basically would require that you have ample time to review the governing docs of the HOA, such as master deed, current by-laws, current year’s budget, and last two years of audited financial statements, association meeting minutes, etc.