I mean that in  a nice way since I know them well.. but for the average mom and pop its tough .as for booting people out .. you can evict right away even if they file notice of intention to redeem.there has probably though only been a handful of redemptions its just not common here.

It bodes well for your future success in this industry.

What is the average rent in that neighborhood for the number of bedrooms in that house?

Learn the industry, study markets, analyze deals, invest wisely, repeat.

After management, and looking at a monthly expense of about $150 averaged over the past year for maintenance, I am in the red monthly.

Originally I’m from northern VA but moved to Cincinnati about six years ago for my career as a design engineer in the aerospace industry.

Finding good Multi-Family deals (100+ units) which average 16-20% IRR when underwritten conservatively is very hard. 

    With the 5% down being sent to the escrow company (not to the seller), and standard inspection and appraisal contingencies, this seems like a very standard contract albeit with some quicker then average timeframes. 

I comped some cost per foot when copaired to the nearest larger city and matched that to the average household income to get a better idea.

- What was your average cost per pad to have this done?