You will also want to do research on the rental rates in the area and ask yourself if you think you can get more than what is currently being received, or if you are capped out on increasing the income through rental increases. 

all spelled out in your LLC documents.No offense but its funny how you wholesalers do business.   

And while employees started buying properties beforehand, it was really mostly once it got closer to launch that the demand increased.

Sure, increasing income is always great.

It’s funny you ask one of the houses I am looking at is on a slab with all electric heat.

Hello...I purchased my third property today for cash, and was looking for some advice from some of you with more experience.The previous landlord had the electric updated outside, but inside it has an aging pacific el...

Increasingly I am seeing potential tenants come through Zillow versus Craigslist.

Also, depending on how the value of the property increased by adding that third unit, plus natural appreciation and paying down on the principal, you could look at refinancing out of the FHA loan to get rid of PMI.

   - 9% preferred is good, better than the standard 8%-60/40 split after 16% IRR is not good, there are deals with better splits- Generic value add play, invest in units....raise rents....sell at higher price due to increase NOI- I dont like the short 2 year hold but some would love it- I think the fees are high, but not unreasonable.   

There's a funny thing about landlording.