I’ve spent MAYBE $25k on HVAC so that about $1,000/year divided by 12 homes so about $85/year per home.

The formula for Cap Rate is equal to Net Operating Income (NOI) divided by the current market value of the asset.

We add 12 months bank statements (can do 24 months as well, personal or business) together and divide by 12 to get the total monthly income.

Thanks for talking up my hood Account Closed@Andy Pham 71 is the dividing point...Linden and Clintonville are basically their own countries.

If the agitators on a septic are going to cost $3,500 each and need repair, it would make sense to divide that by the lots using it.

Prob only need one but I was thinking about two for each just to help divide money for management.

Typically lenders divide up credit scores in multiple buckets with 780+ getting the best rate for some lenders while others it's 720, 740 or 760 gets the best rate pricing.

It involves dividing the components of a property into different categories, each with its own depreciation schedule.

Information that I currently have:Unit Configuration:The home is divided into three separate one-bedroom, one-bathroom units.Two units are located downstairs, while one unit is situated upstairs.Interior Condition:The units have not been updated recently and are currently rented in their current condition.HVAC:I was told by another investor that viewed the property they  had not see any central heating or air conditioning units.Given the absence of central HVAC, I'd like to gather insights on potential buyer considerations, alternatives for providing heating and cooling in individual units, and any impact this might have on the property's market value or rental demand.This information provided by the owner/listing agent:Rent Roll:Unit 1: Currently at $450 with a planned increase to $575.Unit 2: Currently at $575 with a locked 1-year lease.Unit 3: Currently at $650 with a locked 1-year lease.Security Deposits:Unit 1 and 2: $200 security deposit.Unit 3: $650 security deposit.Utilities and Expenses:Tenants pay all utilities except water, which costs approximately $75 to $100 per month.I'm curious about best practices in managing utility costs and if there are strategies for optimizing water expenses.Repairs and Maintenance:Recent major replacements: roof, water heaters, and plumbing lines within the last 2 years.Condition of the Property:The property is priced low due to the need for interior work, primarily cosmetic.Any expertise and advice would be immensely valuable as I consider this investment opportunity.

Hey guys, I just read an article on the Best Markets to Invest in Air BnBs for 2023 and wanted to share my findings/summarize the article, and see what the BP community thought.Here were the article's best markets, divided into three categories:Metro Markets:Nashville, TN:- Nashville continues to provide good investment opportunities for short term rental investors due to its vibrant music scene and and group-friendly shenanigans that Broadway street can offer visitors.