There is a lot to discuss on this topic.

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

This property is in the Extended Use Period though mid-2026.  

Quote from @Grayson Grzybowski: I have been learning about Real Estate for the last 2.5 years.

Quote from @Patrick Schwebke: Quote from @Wale Lawal: @Patrick SchwebkeWelcome to BP!

However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.

Hope this helps!

We have seen properties for as low as $100k benefit from engineered cost segregation studies. 

Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat

Quote from @Michael Baum: I have a 3 ring binder.