@Dave Meyer I really like that you try to come at things from a practical point of view, being aware of risk and not planning based on optimism.

Hi all, I will have a house to rent out in the near future in Rochester, MN. I have a sample lease that the City of Rochester supplies for landlords, but it seems a little too short/vague to me. Maybe I'm overthinking...

All the OMs I've seen so far were with optimized underwriting assumptions: 0-3% vacancy, 2-3% capex, 2-3% maintenance and 0-5% management to push 6-8 cap and 8-10% returns.

Whether it's with recruiting, implementing innovative tech, lead generation or building / optimizing a workflow structure, we'll be there.This is something I wish I had access to when getting started and I believe is essential to have within the Real Estate Industry.With it only being 2 months since we started, I'm blessed to say we've already had 4 clients sign on, officially starting my new chapter has officially begun!

That's what's helped me learn how to optimize my rental business for real freedom and not money.Best of luck!

There are creative way to work around the self-sufficiency test for FHA on 3-4 units, but FHA is most optimal for a duplex since you do not have to deal with the self sufficiency test.

Keep in mind that a number of factors can change in subsequent years as the sponsor team optimizes the property and its expenses, so the cash flow figures tend to increase over time, though this is not guaranteed.First-Year Total Cash Flow$408,000 NOI – $240,000 mortgage = $168,000 first-year total cash flowThis amount is then split up, according to the agreed-upon structure for the deal.

I currently own 2 STR properties bought within the last 14 months and in search for a CPA near Traverse City, MI who can help optimize our tax planning.

If you're looking to scale and go the more "optimal" route certainly buying with a loan makes sense.

I have read 2 web sites, one is saying 60-day notice doesn’t have to state the landlord’s reason, and other web saying landlord must gives tenant a written Notice that tells why landlord wants to end your lease.