Great thing is the low taxes!  

Anything higher means rents are too low.

Pro: It's Cheap, they actually use good photographers.Con: Inexperienced low paid agents that dont know what they are doing.

Hi everyone,Wondering what your experience has been in per-unit maintenance costs on 20 to 60 unit projects on a yearly basis?

I was looking up different ways to finance a rental property but it appears that a lot of the low money down loans require you to live at the Property.

Profit on a low risk property, 8-12% on a medium risk, and 20% on high risk locations.  

I just purchased a couple smaller apartment bldgs where the rent is about 100 low per month.

Some people toss out offers to everything then work down, others toss low offers and hope they get accepted.

Now you can get away with a C2 condition by saying you had a 5 year old furnace serviced and doing roof maintenance on a 7 year old roof, as long as you can show all the other items (cosmetic) have been updated.So you can get the C2 rating with cheap finishes because technically it is still freshly rehabbed.

It's in my hometown, Tupelo, MS, and the previous two owners hardly did any maintenance in the last 10 years.