I'd say you are overestimating maintenance - though that depends on the state of the property.3. 5% vacancy might be low.

"I'm at the point where I've gotten out THE lease and it doesn't have anything about locksmith, however the maintenance, repairs section states, " All normal repairs necessary to maintain premises in a tenantable condition shall be done by or under the direction of the landlord, and at the Landlord's expense, except those caused by negligence or acts of the Tenant, which repairs shall be made at the sole coast of the Tenant. 

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

I am a new member here and currently live in Tucson, AZ.

I've purchased a couple of my investment properties directly from property management clients who decided to sell. 

This opportunity came through our direct-to-seller marketing efforts.

CURRENT FOR SALE.Homes were in disrepair and needed immediate renovation.

I currently run a couple of mobile phone stores.

Are you talking your current house and the basement separately?

As the economy shifts, there will be new ways to grow your portfolio, but success will require staying nimble and informed.Bessent’s commitment to cutting the federal deficit involves a mix of spending cuts and revenue adjustments, which could directly affect government-funded housing programs and infrastructure investments.