If it's the latter, the online auction sites start the bids low as a teaser in order to get competition and more bids.  

One is legalizing it, have a CO for 3 when it's a duplex.

.)* Reserves - savings from each rent payment for future expensesIf you wanted to use more like a PM, you could set up an online form for tenants to input requests and include attachments and track maintenance through it.Hope that helps.PS - I still use Excel for projections/modeling

In trying to get advice on how to legally switch people out on the lease, I have gotten several comments to the affect that I shouldn't rent to room mates.

I recently purchased my first multi family property (2 townhouse duplexes). I closed on the property on July 2nd. Rent is due on the 1st and late by the 5th. Everyone paid on time except one. After multiple calls and ...

If it's baseboard electric heat and hot water, it's especially urgent to get this taken care of.Either way, I'd find a way to get a second meter installed pronto. it should be a pretty general implication that any advice given should not be followed unless you can confirm it is legal in your state.

Institutional investors have recogized the opportunity 2 or 3 years ago and it is evident today by all the new luxury appartment buildings comming online. 

They usually will offer tenant screening and online applications as well.

You could use the BP calculator (5 times for free membership) or find some available online for free.The most important thing that is going to get you ahead: commit to do 1 thing at least every day that is going to get you closer to your goal of acquiring and creating wealth through real estate: read, analyze, go to open house....

Would it be legal and make sense to list the same unit at the same time for, say $1,800, on Zillow/CL/Zumper/etc. and for $2,100 on the MLS?