Prices are across the board, so are rents.  

Here are some costs associated with being an agent:E&O insurance (can run anywhere from $150+ monthly)desk fees (depending on the brokerage, some may charge "desk fees")rev split - when you join a brokerage, they get some % of what you sell - even if you don't sell, you may still pay desk / E&O / Office feesthe test, materials - $600 all infees to be part of the Real Estate Board - ~$1000/annualfees for MLS - ~$800/annualfees for key entry (can't remember how much this runs)So all in, if you do zero business, and close zero deals, you'll be out roughly $4k for the first year, and roughly the same for every year following.

MFR should have lower per-unit costs across the board so it made the PM cost more palatable and should improve our returns.The biggest downside I see to MFR is a lack of liquidity and less appreciation.

Never allow tenant to perform repairs:doesn't matter if they have skills or notyou lost control of repair qualityyou have no recourse if there's subsequent issues with the repairissue of insurance if injured during the workand when tenants perform UNPAID LABOR, you can be in a world of hurt with State Labor Board if there's ever a law suit, aka Eviction or Small Claims

We have client however that bought a 500 site park that was completely empty, with the clubhouse boarded up, the swimming pool filled in with sand, and everything shut off.

Meaning they aren't something we just stick on a poster board in the local coffee shop.

There might be a design review board, planning commission, city council and who knows what else. 6.

@Steve Vaughan  I hope you were being factious with your letter to your local community bank.you have to remember these folks have a board and the board Is regulated by state and federal regulators.. she being the queen Bee cannot go against bank regs and policies its the same for every one of them.. its not here its the FEDs.. :)I see this very often on BP were borrowers simply do not know how the back end of banking really works and who really controls the rules etc etc.you got the one in a million private loans.. and I am sure you know that.although I could have given you the 107k at 9% for 5 years interest only with only a drive by appraisal required..

It only took one three day notice to get him on board.  

On the other note, my significant other was always on board.