Looking to create a 30-45 day lease for someone who owns another unit in my building.

Investment Info:Large multi-family (5+ units) buy & hold investment.

(That is what I used before adding more units).

Of course this would be great for close to turn key properties maybe carpet and paint type renovations, to get the units ready for renting out.

More details:I've got the opportunity to buy a multifamily building for $850,000.Rents will be $9,300/mo first year, $10,500 second year (two units need to be finished)$100,000 buildout construction loan built into mortgageCommercial mortgage at 9% first year and 7.5% interest permanent loan, amortized for 20 years with a 5 year balloon.

I house hacked in one unit and rented the others.

We use them and they are not my favorite at all but they do book a lot of our more urban units and they do help fill some last minute space

This enables you to do a Profit and Loss report per properties, per unit, e.g., Income minus expenses equals bottom line per building, unit, property.Then you will set them up again, but this time in the Customer Center as a Customer.  

I thought I was doing good until I found my local mentor, @Jonathan Bombaci, who owns hundred and hundreds of multifamily units.

Duplex house - 2 units both 2/1 (good condition)Estimated sale price $310kQuoted payment 7.5% (25% down)$2068.96/month (assuming $150/mo for insurance and $293/mo for taxes)$87,149 cash to closeAnnual cash on cash return 3.6%cashflow $252 monthlyBoth units currently occupied and lease signed through April 2024I will be using property management for this property because it’s out of state for me. 10% fee.