Factor in insurance as an expense, maintenance, and also be very conservative on a start up for occupancy since it takes awhile to get up and running to get full occupancy.

My concern is location - is this too far to draw clients and maintain occupancy/bookings??

That is another federal law that impacts multi-tenant occupants from nuisances, including smoke/smell from other occupants.

You've owned the building for four days and already talking about evicting a tenant for adding an unwarranted occupant?

What occupancy / vacancy rates do you use for apartments (90%?)

The parameters are below:ASSUMPTIONS:Start Date: Jan 1, 2021Building Size: 500,000 SFCurrent Occupancy: 50%Tenant 1: 50,000 SF at $18.00 PSF NNN with $0.50 annual bumps in January.

This provision of supply continues to come online during the Hypersupply phase until occupancy rates begin to dip below average rates and at that point - when occupancy rates fall BELOW average occupancy levels we call it the beginning of the Recession phase in the Real Estate cycle.

All that said, I currently own two triplexes and just finally got them to full occupancy.

You can move out after a year with either, but there will be more hassle with moving out as an owner occupant with the VA loan.No problem! 

Living in a property as an owner-occupant and potentially renting out additional space (In-law suite/basement) where you’re able to live for free.