These loans are geared towards those with lower credit scores, allowing them to live rent-free and cover mortgage, insurance, taxes, and maintenance costs.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

This is expensive from an initial capital and maintenance standpoint and I've been on the hunt for a better way.One option that I've found is installing BTU/Flow meters (Istec 4440) on the supply and return lines for each heating zone (one zone per unit).

I generally pay on average 400-500/month a month for basic maintenance and repairs. 5200/year for property taxes. 5000/year for insurance.

Don’t forget to take into account utilities including internet, lawn maintenance, snow removal, etc. into consideration.

Tell tenant you will review the maintenance history and the video.

A good turnkey provider should handle leasing, renewals, evictions, repairs, maintenance, and rehabs for you.

This is a low-risk way to learn about property management, tenant screening, maintenance, and more.

- What are some best practices we should keep in mind to keep maintenance cost of the ADU to the minimum in the long run?

I definitely don't make any money off the place, but the airbnb rentals pay for maintenance and my gas driving to and from WA :-) Question: Have any of you missed some either obvious or not so obvious red flags that would have caused you to negotiate or walk away from the deal and if so what were they?