If the tenant demographic is ok with it, why not get some used gas ranges.

Purchase price: $315,000 5.9% CAP B class property 25% down payment 5.25% interest rate 5/5 20 year amortization Expenses Vacancy: 8% Property tax: 7,000/year Insurance: 2,000/year Property management: 12% Maintenance: 5% CapEX: 5% Utilities: 325/month Landscaping: 50/month Loan payment: 1,592/month Income Gross rent: 3,485/month Storage: 200/month I will basically break even using the above projections.

If a 7k cap ex project hits, it currently eats up your entire year's profit.For the 10% expenses.....In this area, and compared to your potential competitor's tenant's pay for water, electrical, heat, snow removal/landscaping? 

Hey BP! Being a new multifamily investor in Florida, I'm interested to know how well multifamily properties held up during the last recession and what I could potentially expect come the next cool down. The majority o...

Cleaned up yard, landscaped and refreshed retaining wall with some paint and crack repair.

The house needed cosmetic repair including: - Refinishing the wood floors- New paint- Finish basement with drywall, paint & carpet- Revamp the laundry room with paint & cleaning- Change a closet door- Landscaping clean up- Refinish bathtub What made you interested in investing in this type of deal?

The house needed cosmetic repair including: - Refinishing the wood floors- New paint- Finish basement with drywall, paint & carpet- Revamp the laundry room with paint & cleaning- Change a closet door- Landscaping clean up- Refinish bathtub What made you interested in investing in this type of deal?

Changing layout of house, re-landscaping and finishing basement Lessons learned?

Both are good cash flow markets and have good economic and demographic trends.

Here's what it comes to, knowing the market, knowing the demographic, and MAKING it work.