Rents are currently $1,200 per month, I expect to raise them to $1,375 per month when I add a storage container and do exterior fix ups (30k), the monthly payment is $3,660, so $5,500-$3,660=$1,840, so $22,080 cashflow per year.Summary:Utah is an increasingly expensive market.

January was slow, as to be expected. 

Buyers better get ready for the fact that they're all going to need to sign buyer agency agreements in the near future if they want to work with an agent because of the DOJ. 

May be if you know the rents will go up in the future...

If someone here can give me advice on how to go about hiring a law firm/lawyer, what to expect and if someone knows a good lawyer who deals with these issues in Memphis TN, that would be extremally helpful! 

Any ballpark numbers by chance on what to expect in terms of occupancy and income for each season?

Hey @Matthew Nosal - Sounds like a legit deal...what is expected ARV? 

I wouldn't expect it to cash flow anytime soon, give it 2-3 years before you see any returns.   

  #1 you will now be on the town's radar and in their system, and #2 if it's not possible, you may loose the opportunity to rent it in the future if the city does a surprise inspection and deems it an illegal apartment.  

It would be beneficial for your future bookkeeper to have these expectations in mind where they reconcile the monthly statements and then just immediately send you a trial balance for approval.