![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1147224/small_1704153801-avatar-justing170.jpg?twic=v1/output=image&v=2)
3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/372148/small_1621447337-avatar-jkfaris.jpg?twic=v1/output=image&v=2)
3 March 2024 | 9 replies
For insurance I bet you could still get away with residential STR insurance, but be sure to ask your provider before and if they say get a commercial policy you probably should.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2963380/small_1709466706-avatar-rachelc252.jpg?twic=v1/output=image&v=2)
3 March 2024 | 2 replies
Great question @Rachel ChioreanuA network of reliable vendors who provide quality work for a fair price is critical to our success as investors and managers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/608399/small_1694638232-avatar-briane36.jpg?twic=v1/output=image&v=2)
2 March 2024 | 5 replies
I don't think the name of the game is to provide a discount with the email.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2940287/small_1707862820-avatar-jessel199.jpg?twic=v1/output=image&v=2)
3 March 2024 | 6 replies
You can also consult with lenders, brokers and ask them for suggestions on who might be a good real estate mentor and most will be able to provide one.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2959098/small_1709052570-avatar-garyf124.jpg?twic=v1/output=image&v=2)
4 March 2024 | 34 replies
"Many states require an LLC to maintain certain records and provide that members have a right to inspect these records.
2 March 2024 | 4 replies
It's a lot less risky than fix & flip and provides great cash flow.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2642392/small_1707510147-avatar-rafaelb63.jpg?twic=v1/output=image&v=2)
2 March 2024 | 9 replies
I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.I currently have 200+ books in my library and if you'd like any recommendations on a particular area of study, send me a message and I'd be happy to provide you with some.A couple I'd recommend that will give you a "crash course" are..Buy, Rehab, Rent, Refinance, Repeat - The BRRRR Rental Property Investment Strategy Made SimpleFLIP - How to Find, Fix, and Sell Houses for ProfitThe Book on Flipping Houses How to Buy, Rehab, and Resell Residential PropertiesThis book is not currently available on Audible but a must readThe Book on Estimating Rehab Costs - J ScottBigger Pockets has become one of my best resources.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2962896/small_1709411408-avatar-mattd582.jpg?twic=v1/output=image&v=2)
2 March 2024 | 1 reply
Hey Matt,I provide EMD and Double closing funds for Wholesalers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2362129/small_1694677901-avatar-rashidk9.jpg?twic=v1/output=image&v=2)
3 March 2024 | 20 replies
But numbers can be worked as needed.substitution of collateral can also be utilized by providing another real property to replace the current collateral.Here’s why this is no longer often used1.