There are some solid older neighborhoods with those colonial traditional homes, but they aren't really rental properties.

For apartments, buildings would likely be fewer than ten years old.B = slightly older construction with middle class tenants.

Scheduled inspection for tuesday, for those that are seasoned in buying or wholesaling out of area properties, what steps do you take to make sure the deal is as good as it looks.

Is there a super spreadsheet or software out there that can handle things like:-Vacancy of single units in a multi during a rehab and the associated costs (utilities during rehab)-Projected capital expenses at a specific time...parking lot resurfacing in June of year 3-Seasonal expenses like snow removalMy point is that a percentage of something is too generic and does not represent how cash really flows.  

Some properties that are not as updated that have older plumbing, electric, roof etc.. will need a significantly larger amount of reserves.  

(lyrics in a song, I forget what song), but that is so true.More so with younger people than older people, but we are a lot like water or electricity, seeking the path of least resistance.

I'm 19 and about to buy my first 2-4 unit apartment but haven't yet, however if I could of went back a few years with everything I've learned now just make sure you're always learning, reading, etc, don't spend your money on stupid things like cars and clothes, if you get a job and keep saving you should have money for a 5% down payment on a property by 18 or so, if you're going to college you can buy a 2-4 unit (duplex-4 plex) or a cheap house and rent out the other rooms, that can go in general too not just with college, and don't buy a brand new car, get at least 3 years old because a car loses 40 percent of its value over those years, you can get a very low mileage older car if you hunt for it, new cars are financial suicide to young people, ideally don't spend more than 10% of your income a vehicle per year, that may be hard depending on what you do, and invest every penny you can while maintaining a safety net (at least a couple thousand dollars to cover expenses, etc) that way you don't have to pay abhorrent credit card interest rates.etc

Hey @Arjan Amiri,I don't have a crystal ball, but there are two cycles that I follow: the seasonal cycle and the overall economic cycle.

I'm a high school math teacher not much older than you.

It all started back in 2004, as a recent graduate working in the construction industry, I took to living in the basement of a SFH in Arlington Va where my older brothers lived as well as another roommate.