These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance. 

New bathrooms (2), new kitchen, relocated the laundry room, new floors, paint, AC unit, etc.We had a heck of a time demoing the house and redesigning the layout, but other than that this was a super easy and fast project.

You may find a 3 - 4 unit that cashflows 1500/month.I'd say keep going. 

The Corporate Transparency Act (CTA) has been declared unconstitutional by the United States District Court for the Northern District of Alabama.

I recently own approximately 1.5 acres of commercial real estate zoned R-3 moderate density multi family in Green Bay WI.I talked to a developer who estimates site fully developed could fit approximately 3 buildings of 12 unit apartments.

Unitize the podcast, books, and forums.

,I am a fellow real estate investor (originally from NJ) with a 16-unit investment in West Virginia.

Will be forming an LLC to purchase the property under but as for CPA and accounting for the property I have decided to wait until I have a few units under my belt.  

Thinking about this more, it might be advantageous to simply house hack, move out, rent, repeat.Otherwise, it looks like I will have to find a way to buy the house, then get more than one unit out of it.Thanks for the thoughts, all!

But their unit will need some rehab.