I like value add properties so the sweet spot on a rental is something that cash flows now with a value add potential on top of that.

I have even seen some multifamily in Fort Worth that are good potential for Cash Flow.I know I can find good deals but they are around an hour to 2 hours drive both ways, but I don't feel like that drive to work a few hours is my best use of time. 

I still wanted to share a little info about myself so potential tenants would feel comfortable responding.Would be cool if someone from BP can respond to this thread, it’s important to protect all members and make sure our opinions can’t be used against us...

What are potential expenses that a commercial tenant would be responsible for?

If you are a cash buyer and are looking for appreciation, then Westchester has some great potential.

Not having a permit for the renovations could potentially be problematic when you try to get it insured and if you get a really terrible tenant who is trying to avoid eviction they could say they're withholding rent because you're not in compliance with city code.

Which, of course, then drives a lot of business to their regular gigs by way of earned media.It's also been a super successful way to promote the flipped homes to potential buyers.

Happy to also share intros to other potential buyers if they don't fit our criteria.

Hey guys,
I am interested in buying a multifamily to hold and rent out. The place I'm looking at is currently at $166,000 and recently completely rehabbed. All three of the units are rented out for a total of $2700 a ...

PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?