Is a prepayment penalty common on a mortgage?

A very common project management fee would be 20% and this will a lot depend on the scope of the project and the net returns.

For example, doors should be inspected on both sides, the spine (most common area to split from being kicked in) and the frame.

@Nickolas Burns everything you described is common in properties of this age in Sioux Falls.

Either or works Well just use this as a simple example 24 Unit apartment Complex ( B-  or C +  type  property Purchase Price - 1,920,000 ( $80k Per Unit ) may be low in this market Down payment - 25% = $480,000 Rehab - $ 6,500 per Unit ( some units  more than others ) = $ 156,000Common Rehab - Water Heater , laundry room if it has one , Paint of building , landscaping , windows , parking lot  , roof ( 10k - 70k ) This ranges a lot depending on the property Closing cost - 20-30k tax - 7,000 / year insurance - 12,000 ( wind n hail , general , fire  ) / per year Property Management ( 10 % ) = 2,160 / per month vacancy - 10 % = $ 2,160 per month Cap X ( fridge , window , curtains , doors , paint , roof , pavement ) - 1,080 / per month Landscaping - $ 800 per month simple repairs - $ 500 -900 per month common area electric - $ 300 per month Mortgage $ 7,500 ( 30 year amortization  , 4.75 % rate  ) Income - $900 per unit = $21,600 , this varies based on area . 

Those are simple 2 common ones.

I have found the cash flow from laundromats to far outperform that of most real estate investments pound for pound, especially in your area. 25-35% unleveraged is pretty common.

Yet the common flu we all know has taken countless thousands of lives !

Hi there - great thread :-).Here are my top books:Mindset by Carol Dweck - teaches to foster a growth mindset and that the pursuit itself of a skill or goal versus the end result and the embrace of failure on the journey is far more beneficial than to never try at all.The Slight Edge by Jeff Olson - the importance of small daily actions will lead to big results overtime.

For example, they purchase a warranty for their property that covers common repairs with a $50 deductible.