@Matthew Paul my first broker required all new agents to be in the office cold calling FSBO, expired listings, and preferred farm area for several hours x times a week.

Exterior/Interior Paint, fixtures, etc.These buildings were constructed in the 1960s with steel pipes and much of the plumbing has been replaced as needed including new supply lines in the ground and new sewer pipes under the slabs.Ongoing maintenance costs have been pretty consistently high on this project, but the rise in rent over the holding time has been a saving grace.

Keep good records of every maintenance request and what you did and when.

There were some code violations from a car hitting the house and other neglected maintenance that we inherited when we bought the property, although the bank paid off the fees up to the date of sale.

These are the affordable rentals D- In my opinion, D houses require rehab just to be livable.

Too many newer investors are satisfied with any return (which can work in an appreciating market), but $1,000 a door is a good goal to look for because it helps handle maintenance because your intake is high as you scale.

Dee - As a newer investor, some of the options using "Agency Debt" (aka Fannie and Freddie financing) may not be available to you as they require 2+ years experience in multifamily space.

From accounting to leasing, to maintenance to marketing.

Required distros for tax consequence.At the same time I kinda snicker a bit since the buyer... the investor... thinks they found the next Apple or Tesla investment (and they are clearly the smartest in the room), and then go off the rails when it all goes south, I can't help but shake my head and have a small giggle.A fool and their money soon go separate ways, Yes, but don't you wonder how they got together in the first place?

Most lenders have seasoning requirements, so you would need to own the property for 12 months to obtain a loan based on appraisal rather than lower of appraisal or purchase price.The longer the period of since property purchase the more likely an appraisal higher than purchase price.The exception may be a "hot" market where prices are moving up sharply almost every day.