@Mike HernThere were 5M housing transactions last year 83,000 involved some form of seller financing.85% of those were by people who only did one transaction.The above is seller financing and is not all sub2.How many deals are people really doing…..Source: advanced seller data services

These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance. 

Under IRS Publication 527, you can depreciate this 10% portion of your home over 27.5 years using the straight-line method.I am a Certified Public Accountant and I offer bookkeeping and tax services related to real estate.

Hey @Kay Li, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

In 2016, the city stopped issuing new non-owner occupied STR licenses - known as Type 2 licenses - for short-term rentals in certain residential areas.

I have been working on some projects with them but would like more qualified clients on my list.What I am looking forI am looking for long term relationship with clients who want a reliable service working on their existing portfolio but also do bigger rehab projects for small properties.

@Chris Seveney Are you guys servicing the loans yourself, or do you have a vendor that supports this process? 

Does your projected cash flow include debt service and other expenses after the refinance? 

This is how bank originated debt works in the apartment scenario you describe: The lender collects their origination fees and debt service payments are then collected priorty every month until the loan is paid off.  

This could be a way she can give to other family, a non-profit, etc. once she passes away.The nice thing about owner-financing, is there is no set structure, so if she wants to take the 80K down, and give it to the estranged son, then that is up to her.