I am from MI and am signed up through Consumers Energy's " landlord notification" , that meaning if my tenant ever is getting ready for a shut off I will get notified.

We're in Portland, Oregon and very few cases can you hit the 1% "rule", and if you do you have to be creative.I wanted to share a win today that has been in the making for the past 10 months because I think it is a good example of what a low cap environment looks like and what a solid base hit looks like for those that want to invest in small multifamily deals.Here are the details on the property:9-units in an up-and-coming neighborhood Purchase price: $1,550,000Cap rate: 4.5%Average rent was ~$995 and Owner was paying for garbage and water/sewerWhen we took over we immediately had a couple units turn over, which was great because we wanted to get in there to do some upgrades (we do a lot on the sustainability side that include reducing hazardous building materials, energy efficiency upgrades, bike storage, decreasing utility consumption, etc).

Georgia Power has informed us that we need to "fix the neutral electrical supply" to restore power to the units.

I would just like the ability to, if I chose to do so :)  I'm sure there are many people on this board who have financial freedom, but continue to "work" simply because they enjoy focusing their energy on something they like.  

Biggest issue for me is the time/energy to really analyze enough potential deals or getting to REIA meetings because the closest one is 45 minutes from me. 

Both the kids came with undiagnosed emotional issues that took a lot of time, energy and therapy.

The inspection report came back, and there are a ton of deficiencies( roof in bad shape, pier and beam findings suggesting movement of the property, improper electrical fittings, gas lines not to code, etc).

So how are we supposed to do repairs for a sale when tenants want 24 hours notice and are not cooperating.We have a timeframe to get them done and repairs required need her to make room and move possession.Termite damage and repair, electrical work and install baseboard heaters.Her possessions are blocking all access.

Be sure to compare energy ratings too.

All units separately metered, electric heat for the whole place but the tenants pay so not too bad.Cons: Condition - not great, tenants, not-great.