Are you providing utilities?

Multifamilies are different, but look for units with 2+ bedrooms and each unit is on its own meter, so the tenants pay for utilities.

I want to rehab the whole exterior with new siding and trim. and remodel the kitchen and bath maybe get some new flooring in there nothing extensive.

8 mobile homes, 1 house.All mobile homes and house occupied.Room for one more mobile home.They own the mobile homes, rent the house.Tenants pay all utilities, including water and sewer.Tenants mow there own laenLandlord pays for plowing snow and dumpster.

From what I've seen, the successful young commercial brokers partnered with seasoned realtors back in 2007/2008, and utilized their partner's existing network and knowledge to allow them to launch like a rocket ship after the crash.

Don't forget to bake in the cost of utility connections and meters (water, sewer, gas, electric) as well as permits.

If you were to make it a habit, the CRA will catch-on fairly quickly.3) If this is your first extensive rehab be prepared (secondary projections) for things to take 2-3 times longer than you think up-front (this is part of the cost of education).  

Also, I really have been utilizing all the materials this site has to offer but there’s so much I’m not sure when I’ll get through it all!

I am closing on a multifamily property next month, i am planning on living in one of the units during the month of June to do an extensive rehab on the unit.

Even lease is up, ask to sign for 3 months extension, likely landlord will agree.