Any costs directly associated with building the basement apartment, such as separate entrances, kitchen installations, and bathroom fixtures, can be directly allocated to the rental portion. 

Properties in this location may vary in age and upkeep, impacting maintenance costs and potential rental income.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

A key component to cash flow will be loan terms..you could consider trying to incorporate a seller concession towards an interest rate buy down or costs to help improve cash on cash returns.

(I can't remember exactly to be honest, but we charge about what it costs us to run the background check.)I would definitely recommend doing that.

There can be big costs to join this group, but if you follow the system and need a lot of mentorship, it might be worth the investment.

A little background - I'm a nurse and have been hoping to find a market that pays decent when compared to the cost of living and also has high prospects for growth.

Partner Driven added value to the Robinson Ferry Rd deal through effective negotiation and market expertise.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It feels more like a precautionary practice with very little cost.