I disagree with everyone about working with multiple agents.

We realize that that is a big disadvantage so we have made a list of recommended general contractors that we will be interviewing over the next week or so.

We had multiple offers within the first 2 days of listing and had an accepted offer at full list on the 3rd day!

@Jon Holdman has some posts that go into more details; he recently got even more specific than just the $500 per door.Again, it is per unit, so when you say $12000 per year, is that total for 1 unit or multiple units?

Some lenders will allow you to refinance multiple properties into one loan.

I think you're right that 3 probably won't affect credit.Anyone get loans often have any more input on pulling your credit and applying for multiple loansAnyone know about commercial loans too?

We know that many of you have multiple real estate related businesses and we felt it imperative that those all have the opportunity to be represented on our site. - You'll be able to switch between your user and company profile(s) effortlessly via the site navigation bar.

It seems lately from your posts that you have looked at real estate properties to own,note buying,and now restaurants.I am trying to determine if you are placing money in multiple streams or trying to place money into one type of investment and seeing what fits looking at multiple things.There is a difference between taking say 30,000 of cash and putting all that cash into a restaurant and having 200,000 and putting into multiple things.If the restaurant doesn't work out if it's just a small part of your overall portfolio it is okay.If it is a majority of your cash into that one thing it can be a bad investment if you do not know how to analyze properly.You might want to look at business brokerage.This is where I help people analyze buying the assets of a business.Since you will not want to run it day to day you will be what is called an "absentee owner".Businesses can give a great return when purchased properlyAny specific questions just ask.

That rule of thumb says expenses (stuff the IRS allows you to deduct in one year), capital (stuff that has to be depreciated over multiple years) and vacancy will amount to 50% of your gross scheduled market rent.

A tub drain assembly is $15-20 and hoses are $5-10 x 2.Consider this a valuable lesson to meet contractors at the property and get multiple estimates to ensure you are getting a fair price.