Those paying close to retail numbers, over leveraged, investing solely on appreciation, and in tight cash flowing deals, may want to start building more reserves, or even sell some properties just in case.

But, there are other financial considerations when buying multifamily property...To qualify for a mortgage on a multifamily property, lenders often require you to have cash reserves.

Keep in mind there is not too much available this time either, so the lower demand meets also lower supply.We have a new 4 bed single family on the east side for $2,350 and had 5 showings / 2 applications this weekend, that's a fairly good outcome in this price range, which is naturally much slower than under $1,500.One of my mantras is that the house will pick the tenants - a nice house will attract nice tenants, a wired house will attract wired tenants.

I want to hold onto some of the cash for prepping/furnishing the Airbnb and for reserves (probably aro. $25k). 

Given the transitory nature of students, you are going to be turning units regularly. 

It can come naturally, or you can learn it through something more like a course. 

I find many people buying these properties are not accounting for the market standard 10% management fee, may not be accounting for the new RET amount that will hit very quickly after sale, or seemingly any reserves.  

Location and the historical nature of the building

Based on 5% for each Building Rent (30,000) Building Reserve-Est. of $250 per unit (6,000) Sub-Total of Operating Expenses (82,000) Projected Real Estate Taxes (34,290) NET INCOME $ 79,183 PAGE ONE OPINION OF CURRENT MARKET VALUE-NOVEMBER 2017 Net Income $ 79,183 Amrtz.

That way you don't have to have a unit vacant for any more time than it naturally is vacant.