This is my first year with a residential rental.

Lurkers: Remember this post when you, or someone you know, gets the brilliant idea to become a residential appraiser. 

Residential real estate is depreciated over a mid-month convention. 

My previous experience includes high end residential design but I'm very flexible towards a variety of styles and budgets.

We manage residential properties all over Philadelphia and a few units in Delaware county as well. 

My town does not have rent control, and the house is on a residential street where most people own their SF homes, and the street is zone for single family homes.Can the municipalities not allow me to rent each floor separately?

For example making sure the builder collects on just 5 draws versus collecting money before work is completed.Any advice would be greatly appreciated.You will likely have a hard time finding a residential builder that will agree to a penalty clause.

That’s what makes the most sense to me but I’ve read so many posts about how most banks won’t give a residential loan to an LLC.

@Mary AnnI have seen programs before for commercial/mixed-use properties that are no income (no doc) loans but they require 30%-35% in equity/down payment and the rate is normally 4% higher than a traditional 30 year residential loan.

 I see investors with numbers that seem very low and some with numbers that seem unrealistic.I tend to see 14-16% ROI on average, but I've seen as low as 10% and as high as 40% for residential rentals.I'm curious to hear what the BP community is getting in today's market and what your minimum is to satisfy you and for you to consider it a great investment.Anything less than 25% doesn't seem to satisfy me.