:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

For multifamily, target markets with strong rental demand, value-add opportunities, and creative financing options like seller financing or private capital.

Sad reality is I'll probably own a few rentals before ever moving out.

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

Hi Lynette,It’s great to have 20+ years of experience in residential construction, drafting, and design those skills will serve you well in flipping homes or building rentals.

Not sure why owners invest in rentals, yet do very little research on market conditions!

Quote from @LaShon Evans: I manage 400 rentals and own 33.

The price and the rental income are good.

I have a tenant in my Rosewood rental who is saying that the water in the shower is coming out cold even after she lets it run for a bit.