We modeled a 7.5% vacancy rate and a 10% maintenance fee (both off gross rents) but our economic occupancy has been much worse and it's closer to 15% vacancy expense and 15% maintenance fee.

Networking has always been apart of this journey, but it is so much more rewarding when you network with individuals that aspire to the grand goals you both share.

Traditionally, even in investing heavy careers like portfolio management and investment banking, the generalist model was the way go.

I wouldn't mind trying to model my P&S after what realtor's might expect to see and then adjust to be taylored towards things investors might be interested in... things like you mentioned, @Lynne Jacob, or verbiage related to "and/or assigns..." and such.At the moment, my SECTION 9 equivalent says the following:INSPECTIONS: This contract is contingent upon the Buyer’s inspection and approval of the property prior to transfer of title.

If that's your business model then go for it.

The Vernon Hill model is very much centered around customer-service.And I've updated my profile with my current location of West Orange, NJ.

I am an aspiring real estate investor with very little experience.

Setting up keyword alerts can help let you know if someone is talking about a particular topic in a forum.The combination of using this site, connecting with others and using the internet as a whole will help you with your real estate investment aspirations. 

I know that is not a primary driver behind the renting model but if you're in a boat why not have the wind at your back instead of against you?

If the walls are not balloon frame and there are not too many cross-blocks, we could try to retain the inner walls and inject insulation, but the more of these we do, the less it seems to save us in the end ... the cost of drywall and mudding versus an effective air sealing and application of insulation.It has also been our experience that while materials are cheaper to air seal using poly & caulking and insulate with mineral wool, the labour required pretty much make it a wash with the cost of closed cell foam.Once we confirm our plans, I'll do a full envelope model on the house and share my results.