In the 2-3 unit world it was always the combined finances that fed into a debt to income ratio and that was the hurdle.   

When you combine vacancy and leasing: 8% accounts for 0 missed days, 10% accounts for 6.5 missed days of rent.Solution:  Keep your vacancy and leasing fees separated. 

Me and my partner put in roughly, a combined 420 hours during a 3-month process.

Me and my partner put in roughly, a combined 420 hours during a 3-month process.

Added a washer and drier to each unit, garbage disposal to the basement unit.

Added a washer and drier to each unit, garbage disposal to the basement unit.

If you have no cash then you better have damn good credit, fantastic marketing skills, a good network and probably a combination of all three.

We budget $55 per unit per month for both water and sewer combined.  

Our strategy is to make a combined cash offer for both properties in hopes that a speedy close and getting two properties off their hands will net us a pretty deep discount. 

I do this full time) In the past 30 days I’ve ran through a combined 800+ 2nd non-performing mortgage notes and I have to say it’s been a very real experience seeing how pricing has gone up drastically in 2019.