Texas has high property taxes, which will cut into your monthly expenses.

Which may not seem like much different but when you move to larger properties it can be a $5-7,000 difference which starts cutting into profits.

It's not as common with pipe that is sitting empty most of the time - like a straight up & down stack - as it is with pipe with tendency to have standing water, but either way the inside of the pipe loses its smoothness and has a tendency to "grab" more things.

I make a little more up front on Airbnb but the cleaning, amenities, etc cut into it and end up balancing out.

They both warn against making a purchase decision based on the estimates.My point in posting was to make sure that I was keeping the expenses/debt service costs straight.

The property is in distress due to the living there and we have thousands of dollars from mold estimate just to remedy which doesnt include the thousands it will take to refix the things they throw out and cut.

Hello everyone, So my wife and I are about 30 days until closing on a 4 unit Multifamily in VT but to cut it short , what should me spend our attention on while we wait ?

The low downpayment primary residence loans certainly have their appeal, but by using them to shortcut the system it will complicate tax filings, tax benefits, and how you cut up the proceeds when you go to sell the property.

Sounds like it be cut & dry but through experience it seems like there a lot of grey area here which usually in turn makes things harder. 

It would good to know if the market can bear a utilities charge to increase your gross and offset those expenses. if not that can really cut into your return.