Also, in Jake & Gino's first podcast, it was mentioned that some banks use $3,200 yearly expenses per unit in their underwriting; I don't know if that's still the case (if anyone knows from experience, I'd be interested to hear from you), but that would bring expenses up to $25.6k/year and put you at -$433/month starting out.Depending on your risk tolerance, it sounds like there could be upside if you fill the vacancies, raise rents, and there aren't significant capital expenditures needed soon- I'm more risk averse though, so personally I'd probably pass in favor of something that provides the minimum return I'm looking for from month one.

The rent is capped at 400 a month, but as tenants leave I can get 650 with hud per house. in 2019 I can raise all rents regardless, but won't do it all at once so as not to spike vacancy too high at one time.

folks, this is why you should raise you rents every year, especially in rent controlled cities.

If the average rents are $725 for the area you need to raise the rent.

I was born and raised in Dallas Texas.I found BP about 20 months ago while I was medically recovering.  

When the foundation crew went to raise the foundation at the piers, he realized that the floors were rising up but the house was not.

Will you have room to raise them?  

I'm born and raised in Hawaii; currently enrolled in college.

Hello, I am looking to put together a Memorandum for raising capital from Friends and Family.  

I want to use the tenant first strategy but when I tried to get preapproved by a mortgage broker but debt to income ratio and credit (650 unfortunately)  didn't suffice (was told I could only get 65k loan) my question: is there another way maybe using an LLC to get approved for a larger amount or should I focus on raising more capital from investors/private leading.