We require actual rent comps from them.

While initially enthusiastic about the potential of the property, upon inspection, I found myself overwhelmed by the extent of work required for its rehabilitation.As a beginner in this field, I must admit that I feel ill-equipped to accurately assess the necessary renovations and calculate the total cost of rehabilitation.

I have a property manager actually do the showings, but any issues like plumber , electrical is a phone call away.The only challenge is it's a commercial loan, which requires more down, higher rates and shorter terms. 

Last project we did, it was 16k for water meter, $26k for underground electric meter.

The first broker said all banks must adhere to the requirements of conventional loans.

Appfolio has an option for the daily late fee charge, but they do require a minimum of 50 units to use the software.I would check to see if Buildium offers this option.

After inspection, we discover there's drywood termite damage, moisture/water leaks seen from the attic and ceiling, roof doesn't have a permit with old patches.

This way, investors circumvent the need to have the entire capital amount that would be required to invest in whole properties as an individual.

Landlord pays for water and some common area lighting, $100 a month.

We have the land and meet the code requirements dictated by Pima county.