A lot of cities have some organizations to help local people find place to live.Reach out to local churches/hospital/performing center/university if there are any there.

@Ted Hendry hire a high performing property manager that has seen everything before and will make these calls for you.

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

PMC: We negotiated $80 a month flat rate for management, so like 8.5% management feeRent: $950 a monthOperating cost: I estimated  70% overall operating cost which included the 8.5% management fee, mortgage and repairs/upkeep, etc)Average net income would be $3216 a year Gross income would be $11400 ($950 rent X 12 months before all expenses)So re-calculating the cap rate and using total gross income I'm getting a rate of 4% as opposed to the 4.68% I originally calculated.Does that seem more accurate? 

I'm looking at several multifamily properties and I'm unclear on performing a cap rate calculation. 

Zillow Group Inc. is pulling the plug on its tech-powered home-flipping operation after deciding that its pricing algorithms weren’t accurate enough to build a stable business."

Numbers are not accurate at all.

I feel that getting a loan for an investment property would be more difficult if I am holding a mortgage on a place of my own.Is this accurate?

Aloha BP community!
I’m curious to hear everyone’s mindset regarding obtaining insurance for your fix and flip LLC and coverage levels.
I’m on Oahu and planning on handling some of the rehab work myself while contr...

It is quite difficult to analyze flips right now because you don't really know the ARV accurately and it is hard to estimate rehab cost or time accurately.