Nothing too fancy, just a basic 2 story 3 bed 2 bath home that would be built in a Class B or C neighborhood.

Now that I’m dealing with the commercial, I have to double the amount of research and learning that has to be done, and a lot of the time I have a hard time finding commercial laws, etc. that being said, if you’re a successful business owner with 40 employees, hopefully you can afford carrying costs with vacancies if you need to slow down, or afford attorney fees to have a good real estate attorney on retainer to save you some research.

This saves on time making beds and time or expense of laundry.

We would be close to double that depending on where you live.

@Jasmine Russell That’s a tricky one lol the real answer is it depends(annoying I know)… When I first got started I had 0 experience but had done a ton of research, I still lost 100k on my first deal (lol) but I used that painful lesson on my pitches to tell future partners what I learned and didn’t give upit was also a raw land permitting play and I payed back the investor every penny I owed which helped my brand- Now, for those that know me I don’t need to go over my portfolio, what I’ve done etc because my reputation precedes me however, when I’m in a scramble and need funding for a deal and advertising it to the world and talking to strangers I’m absolutely going over my track record so they feel comfortable that I know what I’m doing and if I don’t specialize in a particular niche I get someone on my team and involved in the deal who’s and expert there and have them on the calls or at the very least their website or somethingI definitely am a fan of fake it till you make it but if you’re the one putting capital into a deal maker, check, double check and triple check everything they tell you and do your own DD

Most areas of OP and Olathe in Johnson County are difficult to cash flow double digit cash on cash returns.

You should be able to pull decent section 8 rents if you get a high enough bed count on the duplex.

Rental houses and business property is assessed at 20% of its tax appraised value.If already assessed at 20% of its tax appraised value, then simply substitute your purchase price for the tax appraised value and use the same percentage to figure out what your taxes will be.If assessed at 10% of its tax appraised value, then double the current percentage of taxes to assessed value and apply it to your purchase price. 

No heat but it sure was nice to be able to take a hot shower by candlelight and then make a dash to the bed.

It will be a double close so I’m wondering at what point do I call a lender to set up transactional funding?