The reason being, the supply and demand may differ and in some cases significantly as where to look for an investment property depending on the asset class.

@Clayton Mercer Most people who charge an application fee supply a list of criteria for prospective tenants so tenants can go through the list and disqualify themselves before paying the application fee and being denied.

And as previously allowed, you may add an additional 1% for gas and 1% for electricity if you supply those for the tenant.

Focusing on the "Important but not emergency" things to build the business - things like expanding web presence, building out an investor platform, developing systems to increase efficiency and workload capability, etc.When I'm in the office, it's pretty intense.

TONS of kitchen supplies.

a) Office Supplies (e.g. stamps, envelopes)  b) Software  c) Gas/Mileage  d) Advertising + Payroll  e) Concessions  f) Lease loss  g) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisor

There are a lot of things to look at when choosing a market like population, population growth, unemployment rates, employers, job diversity, and supply and demand.

If your first property is a 5+ unit and you feel capable to handle it, great, go for it!

Contractors: $28,388.03  Insurance: $645.65  Meals: $868.39  Job Supplies: $32,604.29  Travel: $70.00  Utilities:​ $381.05  Total cost of renovation: $62,957.41 Total Money spent on project: $148,957  Estimated House Value: ​$180K  Upside Equity: ​$31,043 Rent Income:  ● Main house: $1,400   ● ‘Mother in law’ unit: $900   ● Shed rent: $100   ● Total per month: $2,400  ● Total per year: $28,800 Expenses: ● Property tax: $2,450  ● Insurance: $1,200  ● Repaires: $2,400  ● Management Fee: 8%

Contractors: $37,214 Insurance: $600 Job Supplies: $12,968 Utilities: $1,104.02 Total cost of renovation: $51,886.18 Total money spent on project: $164,886 Estimated House Value: $200,000 Upside Equity: $35,114