I only ask this is because it seems like there is opportunity to provide a service to endowments, pension funds, and other entities that don’t want risky investments. they want stable cash flow.

Regardless of what it's called, IMO cap rate calls for all costs associated with 1. acquiring the property and 2. placing the property in service as a normally operating business.- Do you include closing costs - survey, title, recording fees?

If the answer to that question is no then the repairs that you made to the property are capitalized and depreciated once it is placed in service.

Hi BP, I’m stuck and could really use some help, when dealing with code enforcement leads, witch status should I focus on most to find the most motivation: Docket Information:-Not held but resolved-Dismissed-Continued-Return of service-Voluntary Dismissal -Civil Complaint-Defendant Defaulted-Amendent Complaint FiledCase Disposition:-Voluntary dismissal-Finding and order-Agreement-Pending

PCR is nothing more than an idea of whats going on, the service company does them, and many times the contractors are idiots, if you have to turn everything on when purchasing one, to feel comfortable, the deal isnt good enough, it could range from a missing water filter, or several split pipes, to a bad fill valve or cracked toilet tank, if you really need to know, air test it, if you dont know how to do that, you probably shouldnt be looking at these properties. i havent hired an inspector in over 15 years, they are a waste of money for me, but I know construction and systems, the bast thing an investor can do is learn construction and the trades, at least enough to know what you are looking at and whats ok, and whats not, even is you dont do any work. sorry to be harsh, but knowing this stuff separates the men from the boys.

If the electric service comes through the roof, you can get a split boot that can be installed around the conduit, so you don't have to have the wires disconnected.If there are vents on the roof, you might think about replacing them as well. 

Once I have enough income from my rentals to survive frugally – the goal is no later than 30 – I want to start a construction company that services residential investors.

I added in vacancy (10%), property management (10%), maintenance (10%), $1k/yr for Contract services, $750/yr for legal costs, I escalated the taxes, insurance and utilities by 3% (numbers provided are from 2017).

For investments that are relatively static and singular in nature - shares of a private placement for example - the services of a self-directed IRA custodian can be sufficient. 

You need to think about how you are going to pay your monthly debt service with just a single solid tenant.Assuming you can get a commercial loan on that property your debt service is probably going to be $4-5k month.