Homes moved even faster with a median 22 Days on Market (35 in 2017) for a total of 8280 homes sold - basically flat to the previous year.

R&M can be $450-$550 per unit per year, depending on year of construction, HVAC system, boiler/chiller, pitched vs flat roof, etc.

Has the asbestos siding been shimmed in a way to create a flat substrate?

@Jordan Callaway I should think about just upping the flat rate that I am charging  now.

I can rent anywhere from $2000-$2200 in my area so I would be relatively flat to positive after refi. 

By definition, lower income areas are higher risk because, as unfortunate as it might be, folks with low income are just one sick kid or one flat tire away from missing work and missing rent.

well one tip is if its near the college charge per person instead of just a flat rate if your looking for a better cash flow. 

We bought into that fad in the beginning as well, but it's a strategy that doesn't work in a flat or recessive market.

The cliff notes for leasing the land to dweller are 1) they need a large enough flat space to put the unit with proper setbacks (about 26x45 I believe... typically in our area that requires a 5,000 square foot lot), 2) dweller will pay for the install including permitting and bringing in utilities but the owner has to remove any landscaping etc to prepare the site, 3) dweller has a land lease with the property owner that allows them to rent out the ADU (of which the property owner gets 30 percent of the monthly income (gross I believe)).

Hi Jay, I'd be happy to help set up an LLC and write the deeds for a flat fee.