For those that don't go by the credit score, can you tell me how your experience has been with using the "resident score" for screening?

Estimating costs comes easier with experience and working with the same people multiple times.

You create tight rules not conditions, these guys lack experience or if they have the experience they are too micro-managing just by reading the OP.I don't work with people like this.

Any insights or experiences you can share about similar projects in this area would be greatly appreciated.Thank you!

Can anyone advise based on their experience which will be cheaper in the long run?

I started my career in restaurants backwards, I opened a bar and restaurant at 27 with no experience and ended up losing roughly 350k after about a year being open.

Utilities: T12 +3%Mgmt Fee: 6-10% (depending on market and onsite payroll)Payroll: Maybe one free unit concession to an onsite who lives at building to assist with move ins etc (or not).

@Ivan Castanon hey Ivan, feel free to shoot me a message I can show you how to estimate insurance expenses, taxes etc

Thanks in advance and if I was confusing in anyway please feel free to ask me any questions and I'll try to give more detail!

My (very limited) experience lines up with what @Scott E. said.