The question is how you are able to launch that plan?

Show #37 Joshua Dorkin announces the BiggerPockets app version 2.0 (apparently I forgot to update here when they launched the beta version).

Only issue is, I don’t know if this situation is appealing to anyone but newly-weds or alike for the basement rental.

If there's a change in the application of a law or a newly created requirement, they'll get it eventually. 

Jones yes, buy and hold and newly built property, so I would assume Capex, maintenance and repairs cost would be low at first.

However, from the research I have done it seems that banks do not provide conventional financing for newly created LLC's, also if I were to create an LLC I am uncertain as to whether it would have to be in my home state of New York, Texas, or both. 

To some extent this is because so many of the condos are newly constructed or new conversions and have a lot of bells and whistles.

Here's what I am taking into Expenses:-P&I (principal and interest)-Tax-Insurance-Prop mng 7% (since it's a multiplex)-Utilities-Vacancy 10%-Repairs/Maintenance 5-25%Logically, if it's a newly rehabbed property I'd do 5% for maintenance.

We sold the asset at the height of the market, and launched into the multifamily world.  

Rented house that we originally purchased for much more money since it was newly remodeled, wife and I liked being landlords and we accumulated a good amount of savings.