Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

I have a piece of land behind an existing rental that is almost 1.5 times the size of the standing triplex. 

@Rachel Leonard I just did my first deal without an agent.

I guess this is your first deal with this partner so based on the inputs i would suggest structuring the deal 50/50 to leverage both partners' strengths.

Hire the right contractor, and time boxing.

If I chose to try to find tenants before the unit became vacant I could likely cut down on the vacancy time between tenants and further reduce my vacancy to something like 2% but I budget for 5%. 3.

How have you brokers got your first deal after getting your certification or what were the first steps after passing your exam?

@Tomoko HaleCheck with your city/county regarding STR regulations first. 

If your loan amount if 700k then a rate decrase of .50% - .625% often times makes sense.  

I’ve been interested in buying first property and need to learn and connect with people here, Hopefully I can connect with some of you guys in here to find out more information about how to find off market deals.