Partner Driven financed the Eagle St deal using its own capital, covering the $175,000 purchase price and $1,800 in renovation costs.

Most DSR lenders want minimum loans (not purchase price) of $75-100k.For apartment buildings, your $125k equates to around $400-450k purchase, as you'll also need closing costs and improvement funds.Depending on where you buy, this price equates to a Class C or D property.

Partner Driven financed the Eagle St deal using its own capital, covering the $175,000 purchase price and $1,800 in renovation costs.

Would just remind them that they will be fined if another tenant complains and they will be held responsible for any costs to treat smoke damage when they move out.

And due to the increase in the cost of purchasing food at the grocery store which has been pushed up in price, and also the must have purchase of gasoline to get to your wage slave W2 job which has also gone up so much since they stopped handing out money to people.

Don't be an absentee landlord... it costs a lot of money...

I had the time and it didnt cost me anything and now hes giving me a lot of good tips about a new branch of real estate ive been wondering about.

I checked out neighborhoodscout.com but I am wondering what good competitors are out there, and if there are any free (or lower cost) alternatives.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.