The average, refinance closing costs range from 3 percent to 6 percent of your loan amount (again, depending on your location and your lender).

My research of sold properties for Worcester indicates the average newly remodeled multi-family is going for between 5% and 10% over asking and is under contract within a week of listing, so I think our experience is pretty typical for the Worcester market.

@Sam Leon these are good questions that the average small landlord like myself won’t necessarily encounter.

The average sales price in the area is usually 850k-1m+ (~2000 sqft split levels/high ranches going in this range, our house is a 2600 sqft colonial)We are now confused if we should wait for the house to clear title or back out due to the potential wreckage covid19 may cause in the housing market.

All 28 doors are currently rented at or below the average going rate for the area.

This leads me to the next question.Question 2 - for seasoned BRRRR investors, how much time on average does it take from closing to rent?

I don't know the Bronx market at all.Vacancy looks too low. 2% means an average tenancy of 4+ years.I'd bump up initial repairs to at least $5k.

I’ve spoken to a few now that operated during the recession, and they basically said their rentals were down by about 25% or so on average.

As I mentioned the utilities are on average $150 for each unit, but the number of people in each unit is different.

Average rent for 3 bedroom similar to mine is ~$1,400-1,500and the ADU I would say at least could get $700.00/month.