Partner Driven financed the Turner Dr deal by using its own capital, covering the $52,000 purchase price and $14,700 in renovation costs.

A vacant month, turnover costs, paying your PM to fill the unit. 

Partner Driven financed the Wren Ct deal using its own capital, covering the $128,900 purchase price and $50,000 in renovation costs.

If any of you are interested in discussing real estate trends, investment opportunities, or simply want to connect, feel free to reach out to me.Once again, thank you for the warm welcome!

@Marc ShinMake sure to double whatever they tell you it will cost and take 2x as long and then have someone to come repair all the shoddy work that was done.Hopefully you have working bathrooms otherwise you may have some surprises hidden behind your walls

I also invest and manage properties in the Madison area, feel free to reach out if you need anything! 

Generally speaking, it’s most cost effective to acquire the real estate in the correct deed holder entity on day one as it becomes costly to transfer property.

In Florida where I live, those two items cost me about 25-33% of my monthly income on a LTR.  

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.

So just try to mitigate cost and not go overboard.Just be clear on rules and what's allowed back there by tenants.