Average rates 12-15%

.- November experienced a slight downtick in demand, the number of leads received declined by an average of 4%. - December saw the largest drop in leads, the number of leads decreased 18% throughout our markets. - January experienced a significant increase in demand.

If your PM is out renting your unit or cordianting turn over or make ready they need to be given some time to respond.. and most now have pretty robust on line systems that owners can just pop on line and see expenses etc.. and probably notes that PM leaves in the system. 

If you know you can get 2k per month in a fixed up adu on average pull that trigger.otuerwise not sure what else you are going to put 70k into and get a consistent 2k per month return at this current market with where you are.

just curious - if this is 'class D', won't you have more expenses than just PITI?  

I’ve also been reinvesting capital to help reduce my overall expenses by replacing existing oil furnaces in 3 buildings where I pay for the oil to individual propane heaters that the tenants will pay for their own heat going forward with.

You would want to allocate expenses on a sqft. basis.

Hi all, I'm looking at a deal that's grossing $56,400 a year, with about 39% in expenses(factoring in new taxes).

I think, though, that it's important to look past it and actually analyze expected rent vs expenses and mortgage payments.

But remember, there are more costs like closing fees (2-5% of the property price), money for renovations (depends on the property's condition), and holding costs (covering a couple of months' expenses during renovations and finding tenants).