Obviously turnover will be higher if it is student housing, but if tenants rarely renew their lease find out why.Check out the property management statements for the last few years -- is it really cash flowing?  

The buyer rarely has to pay the broker's fee at closing as closing costs as it is typically paid for out of the proceeds of the transaction.

It would take a while to get to the point where it is going to generate 3k per month, but it is possible.If you are pre retirement age, then you wouldn't want to invest with the intention of using the earnings to fund current living expenses.There are many avenues and it may take a combination of different ones to reach your goals.You could also consider partnering with one or more other people so that you are not coming up with all of your own money to fund your deals.Good luck on your journey!  

Where I live it is exceedingly rare to see properties below $150k that aren't in "war zones" (or at least the closest thing we have).We have the cash but haven't bought a BRRRR yet and want to know if our math looks correct as far as buying the following bank owned property.  

This is rare in today's overheated market but that should also give you extreme reason to pause.Alternately, you can also buy non-performing seconds for cents on the dollar and do the workout agreements.

(knocking out a wall and combining 2 bedrooms).

This combination of professional can help find you properties and give you great insight on how much the apartments will rent for and if the location is in a good.

I'm trying to learn whether an exit on a property should be dictated by a time frame (5-7 years), a property's performance, or a combination of the two.  

It's a combination of machine learning, crazy algorithms, and big data, to create a one-of-a-kind appraisal and credit report.

I currently own a primary home and a secondary that is a combination secondary home and rental in a Florida condotel complex.