Probably an extra clause in the lease should be added in the future to insure the tenant accepts the property as is when it comes to these internal elements.

While it's not a ban, it'll apply to pre-construction projects.

(Make sure there’s only 1 insurance payment and the correct number of property tax payments per year depending on your area.)You can take the projected next 12 months outflows divided by 12 and add them to the loan dox you got at closing and that’s what your payments should be after you catch up.

Based on what you're describing, I think your going-in criteria is definitely something that is strong *however* your goals may not match what current market reality is.When you say $3200/month payment - do you mean $3200/month before or after accounting for potential future rental income from your tenants in the other units? 

Good morning BP world !
My name is Casey Nelson, I am new to all this, but I am very serious in getting started.
Bought my first house in Bonner’s ferry Idaho for 25k out 50 into it using a heloc from said house and...

We aim to start with flipping houses to build capital for more significant future investments.Currently, we are exploring the option of finding a partner who is a resident of Australia and has funds to invest with us.The high cost of properties in Sydney is challenging ($2M), so we are considering exploring a more distant but cheaper market.Is it a reasonable strategy for first-time investors?

That helps for future tenants, if they ask.

@Allison Adams just wanted to add that any time you’re repair/replacing something like this think about “hardening” your unit … whatever you choose to do, make sure solution leads to less hassle in the future.

Fast forward, my daughter went on to other things and my son owns a couple of 100 units multi familiesI think you have to give them the opportunity to decide what they are interested in and will stick to.In high school/college I 'd have them reading on creatively financing projects.

In the future, I'd like to move this guest info to a digital version so I can send one URL to guests with all the info they need.