Currently, I have series LLC, but in the near future, I won't.

Bottom line, be hands on, learn the processes, and you'll make a much better owner/investor now and in the future.

In the near future I am looking to get into multifamily units.

I'm not an expert, but I think that the future is bright for Emery County .

The townhouse is a short drive to the future Raiders practice facility and supposedly the site of various new construction projects (malls, high rise condos, etc.).  3. 

Monthly Insurance - 106 (google Insurance plus flood insurance)Other Expenses - 157 (taxes based on MLS)Variable Land Lord Expenses Vacancy (% of monthly rent)- 112.5 (5% of rent, Bigger Pockets recommendation)Repairs and Maintenance (% of monthly rent)- 112.5 (5% of rent)Capital Expenditures (% of monthly rent)- 182.75 (8% of rent)Management Fees (% of monthly rent)- 247.5 (11% of rent)Future Assumptions Annual Income Growth % - 1% (i just looked up Honolulu’s inflation rate)Annual Property Value Growth % - 5.59% ([CAUTION] https://www.neighborhoodscout.com/hi/kaneohe/real-estate [CAUTION])Annual Expenses Growth % - 1% (same inflation number)Sales Expenses %- 7% (bigger pockets estimate for a real estate agent’s sales expense % which included closing cost and price for a deep clean of the place prior to selling)

But as for the appraisal report... our future tenants didn't help much with their decor...one tenant is a hoarder and the other decorated their unit in "horror" motif...

Whether or not we are going through another cycle or if this will be more sustained - I'm not really sure.

@Debbie ZimmerWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

I saw that the property is back on market as of yesterday.In the future though, you can use the inspection results to negotiate the price down, particularly if the defects were hidden.I think this one was way over-priced anyway.