Best to cover pest control in your maintenance budget.About late fees... in some jurisdictions the amount of your late fees could be considered excessive and be challenged.

Garrett Sutton who co-authored several books with Robert Kiyosaki is a good friend, and he does entity formations at a very affordable cost if you want a referral.  

Add to that, the fact that we will be entering into another recession in 2017, in which, the storage industry always sees a HUGE increase in demand from people losing jobs, downsizing, moving back home, and from businesses pulling back, storing excess office equipment inventory, etc. - and we are poised yet again to reap huge rewards that are available in this recession proof and inflation proof asset class. 

(My underlining) Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB has the authority to take action against institutions or individuals engaging in unfair, deceptive, or abusive acts or practices or that otherwise violate federal consumer financial laws.I am taking no position on the innocence or guilt of Mr.

You could purchase an extra property or invest the excess funds in an asset class outside of real estate.

This is my opinion but if you are going to enter the web space as a means for lead generation then either go all in or don't bother.  

Again, all numbers I used (except for lot and commission) are real conservative, and I have it on good authority that some investors in this area make $75,000-$80,000 per house.

Just like with a non-SEC 8 tenant, your lease is with the tenant, not the housing authority.  

Get brokers to provide you with market cap and price per unit ranges for the class of property you are targeting, analyze a bunch of OMs (from broker's web sites, email blasts, and loopnet) and network with multifamily investors and you will learn the market.

8.8% seems excessive unless this is a sub $50k property.