Baltimore, Detroit have very low cost per housing units and anything less than 200k I warn people to stay away from.

Our initial goal was to aim for 100+ keys to reduce the cost per key and better achieve our ADR and occupancy targets with aggressive marketing towards our mix of commercial and leisure stays.I'll send you a direct message later today and would love to discuss this further at your convenience.

@Crystal Sherman you can try to wing everything you do, but you'll eventually find it is efficient due to time constraints and costly mistakes.So, you'll want to create efficient processes for everything.

It has got very difficult to clean the carpets so replacing them every time a tenant leaves is no cost efficient either.

But the damage to the blinds and the cost of removing trash definitely justify holding back some of the deposit.As for the documentation, it’s a good idea to provide a detailed accounting statement along with receipts for any repairs or replacement items.

In addition, targeted searches for "apartments 77008" and "greater heights apartments" have lower competition which provides a great opportunity for organic and lower cost of acquisition.

If you want something more convenient, a GC can handle everything for you, but it might cost a bit more.

You know it should cost more to have S-Corp because of the extra filings/reporting...What are you doing???? 

Do what you can to keep the cost of student loans down. 

Now I'm left wondering whether it's best to lower the price to get the property off my hands asap or to make some costly improvements that will probably neutralize any increase in value.