Mentors and partners are great sources of experience and business tips learned from actual experience.Two worthy adages to embrace:Be The Best Informed And Prepared Person In The RoomFinish Each Day A Little Smarter Than You Began the Day

Trulia, Zillow and Redfin are just a few sources of potential properties.

I would like to confirm if it is properly zoned for multifamily.2.

That's 8.3% of annual rent.I agree that $/sqft isn't how rentals are properly priced.

There can be some low down-payment (3.5%) funding sources that will give you a loan if you have decent credit.If I'm you and could do my Junior year at school over again; I'd find an inexpensive, but solid, multi-family property (2-4 units) close to campus.

Again, simply using the example above, it is easy to understand how excluding $10k of income can change your debt to income ratio which might cause a loan denial.If I had a dime for every 1003 I reviewed from the LO's that use to work for me who failed to properly identify property, which then usually means it defaulted to SFR, I would have a lot of dimes.

Here is Ocwen's latest SEC filing that shows foreclosures are not a revenue source.

I really like that you're taking the time to assemble a proper team.

A key component of financial independence is proper stewardship of your resources.

I would have to speak with the contractor (check references and license) who will be doing the install to ensure that it will be installed properly as well as check into local laws regarding the upgrade, does it automatically become part of the property or when the tenant leaves will they want to remove the granite countertops because they paid for it.