.), security cameras, track remote employees (they will steal the cash), cost to install pumps, license fees, hard equipment needed- registers, apps to run the register information, accounting, legal, cases for merchandise, shelves, door hardware, heater or HVAC depending on location...This is a tiny community there won't be a local plumber and electrician... add some cost for time to contact your team and travel will make any repairs more expensive.

@Jonathan Tavarez I just had a meeting with a rep from bay management for my new property in the city. 

Meeting the reserve is a good sign that your offer may be accepted, but most auctions on that site are sold "subject to" seller approval.  

Hopefully, with some patience and creativity you can convince/encourage them to do the right thing and meet you in the middle.

Then they lower it a little (still not enough meet on the bone for an investor) But in my opinion, I think they are trying to get home buyers to bite on the properties before they decide to sell at investor purchase prices.

The strictly legal answer is that you must apply your criteria evenly to avoid accusations of discrimination (i am not a lawyer).The most important part of this is applying criteria when you offer a specific property at a specific time.

There are about 10 meetings each month where you can meet others. 

Not to mention legal representation, loss of use coverage, etc.It's not just about damage claims.

I'm looking forward to meeting new people and fellow investors, and connecting further.

If anyone has any suggestions, they would be greatly appreciated.Hey Mooyoung, there are lots of great multifamily deals that meet the 1% rule around the Linden and Hilltop area.