Purchase price: $390,000 Cash invested: $150,000 Rezoned to allow for ADU and am currently finalizing plans to add a second story and redevelop the 3-car detached garage into an medium term rental with an ADU above the garage.

Larger operators will get dozens of reviews per month and many more touchpoints in direct communications.Do any of y'all use a vendor, team member, or software to analyze these interactions for insights into areas of opportunity to improve guest experience?

I've lived here for a few years and have my own rental in the area - tons of development between RWJ, Johnson & Johnson World Headquarters, & Rutgers University, plus there's a direct train into Manhattan. 

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

But, if you are a new investor looking to make their first deal or if you are talking about how much you have to put into a specific deal, that will get you better answers.

We can see the outside with a drive by of course, but we are more concerned with the interior and what we may be getting into. 

One of the key changes includes prohibiting the disclosure of buyer's agent compensation through the MLS and requiring agents to enter into written representation agreements with buyers.These changes are set to go into effect sometime in August, and I’m curious about how other agents and investors are preparing for this shift.

We would reinvest the $100k equity from the sale of our current home back into our LLC to purchase additional properties for BRRR. 

I was in a KREIA board meeting and a member of the government came in to speak about it.

After the home is rehabbed, rented, and producing month-after-month cash flow, the initial lender refinances the home into a fixed-rate, long-term mortgage using his or her great credit, but both remain on the legal title for the property.