In your experience, do cosmetic upgrades associate with a higher rental price in low income areas?

More importantly I looked at how technology could not only improve lifestyle but cashflow:(These are general numbers not associated to a specific product, please price your own product and charge +/- accordingly)30 Unit Apartment$150 deposit per 2 "smart keys" (returned if 2 undamaged keys are returned - kept if not returned)= $4,500 on deposit at capacity$75 replacement - This will bring in a few hundred a year minimum on this property(Make sure your replacement cost to the tenant is more than your key cost for the hassle of reprogramming and to be paid for your time and cashflow, consider it like a contractors markup for services)If I pay $200 a lock I am in for $6,000. however in year 1 I receive $5k+in deposits or replacement fees that could be realized.

However, knowledge of the local law/ordinances, a solid lease, and associated documents can save a bunch of headaches and give an extra layer of lessor protection.

What are the best tax benefits associated with real estate investing?

BTW, in addition to the bad review, they broke into the pool controls and set the pool temp to 103 degrees.

) - Gross Monthly Operating Income 1,151.50 Monthly Operating Expenses Property Management Fees 105.00 Repairs and Maintenance 10.00 Real Estate Taxes 126.00 Rental Property Insurance 49.78 Homeowners/Property Association Fees Replacement Reserve Utilities Pest Control Accounting and Legal Monthly Operating Expenses 290.78 Net Operating Income (NOI) Total Annual Operating Income 13,818.00 Total Annual Operating Expense 3,489.36 Annual Net Operating Income 10,328.64 Capitalization Rate and Valuation Desired Capitalization Rate 8.00% Property Valuation (Offer Price) 129,108.00 Actual Purchase Price 119,900.00 Actual Capitalization Rate 8.61% Loan Information Down Payment 35,000.00 Loan Amount 84,900.00 Acquisition Costs and Loan Fees 1,500.00 Length of Mortgage (years) 30 Annual Interest Rate 5.250% Initial Investment 36,500.00 Monthly Mortgage Payment (PI) 468.82 Annual Interest 4,428.72 Annual Principal 1,197.13 Total Annual Debt Service 5,625.85 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 391.90 Total Annual Cash Flow (before taxes) 4,702.79 Cash on Cash Return (ROI) 12.88%

However, my wife will be staying behind to finish her Bachelor's degree and then catching up with me in Korea.

@Dindar Nasim we get forms, leases and legal support from Wa LL Association.

You are twenty, if you are working while in school and have potentially low costs of living put as much as you can into investment accounts that will grow exponentially, look up Financial freedom retire early as concepts you can adopt and start early, look for house hacking opportunities (aka find a home you can potentially partner with someone to buy or rent in your area with a decent amount of bedrooms, and then rent bedrooms out to friends) Anyways, learning how to put away a majority of your earning into things like Roths, Self directed IRA's or any other potential growing tool while you get your degree in your respective field/ go into working in that field will open up so many doors for investing in 5 to 10 years.

DILs are generally prepared by an attorney along with an associated contract, title search, etc.