Following - I'm based in California

Based off my experience working turnover at a large apartment complex, we assessed cleaning damages two ways.

I have put roughly 15k into it since then and I have not had it appraised but I am very confident it would appraise at 80-100k based on the comps.

Clear both of them and you're good to go.As far as zoning, you'll need to confirm required parking per unit based on available land.

Also, based on previous year, I would try to give a stated amount and put it on the lease instead of dealing with dividing up the bill each month.

4) Seek to help them solve their problem5) ask them what they need $ to get out of the house, and evaluate if you think that's possibleI'm learning to ask a tremendous amount of questions and am finding that I can keep the conversations going far longer than me offering my "insight", I'd encourage you to door knock these people and have a question based conversation so you can learn as much as you can about the property and make your decision on your course of action after that!  

It turns out that for a year, minus the first "dead" month, I assume to extract a return of $12,000 (I also deducted one additional month based on the assumption of the necessary "additional investments" in repairs annually): $1,200 * 10 months = $12,000.Cash-on-cash return = Real estate income received for the year before taxes/amount invested.

I'm based in Buford GA and have a couple properties.

., based on the information in your post, I believe we are talking about a 30-year fixed-rate mortgage with an initial down payment of 5%.To have PMI removed, you need to lower your LTV (Loan-to-Value) ratio.1.

I won't be able to invest for another 5-7 years since my wife and I are working on paying off debt and saving up for a down payment on our own home here in Florida, but real estate really interests me so I am trying to learn as much as I can so that when we do decide to dive into it, hopefully there will be several things that I have a decent base in.