In one town near me they require a rating of 3-A: 40-B:C, so I just use that type everywhere now (other areas likely to copycat, and the few extra dollars upfront aren't going to kill me).GFCI in all areas where water can be normally found; bathroom, kitchen, laundry, garage, all outdoor outlets, etc.AFCI in bedrooms (mandatory by code in some areas).Address numbers on the house that contrast with the background (how will 911 find you otherwise).All bedrooms MUST have a window that goes to outside and is sized to allow for a person to escape.Locksets - no double-keyed deadbolts, where a key is needed on the inside as well as the outside (I only use those locks during rehab, where nobody is supposed to be sleeping).Railings and handrails.Identify the water shut-off valve by the water meter so that the tenants know how to shut off water in an emergency.That's all I remember off the top of my head ...

This provides the asset protection of an LLC and the tax savings of the S-Corp.I want the great people of BP to challenge my thinking and offer some other ideas to explore....Or give support as to that being the best method.

Section 8 seems to pay more a little more than market rent in the C/D Areas of town because they base there rent prices on the whole city.

You can give the closing attorneys we use here in town.

For properties in college towns, repurposing would be difficult.

You have to go to The Barking Crab by the Seaport area, its the best seafood in town.

Now that I have explored My particular market I cant believe someone would actually pay $30,000 for a single family rental when they could buy one in need of lite rehab and be all in for 20,000.Get to know your market .

If there are only 4 malls in town and none have sold what do you do?

Statistics show that tenants use up to 40% more water when they do not pay for it.Your options are usually to:1.Have the total rent include water,sewer,and trash.2.Sub meter out the units from the water company if they allow it3.Prorate the amount of water usage for the building an bill each tenant.4.Have a company bill them instead of you.5.Have a private company install meters which is cheaper and they bill the tenant for what they use.This avenue you are still responsible to pay the water to the city/county even if you bill the tenant and they do not pay.On lower income housing I see about 60 to 65% pay their water you bill them for every month and the rest you have to chase for the money.You have to pay the water company regardless.The other factor is tenants will let friends was cars with the outside spigot,take showers,do their laundry,etc. and the tenants will also usually not report leaks or drippy faucets as they do not pay for the water.Another thing to look out for is what does the city/county charge for water and sewer rates.If you research a county you might find they have upped the water rates by 50% in the last 6 years.So one county using 1,000 gallons costs you 100 and in another county it costs you 56.You have to really look at how old the water and sewer system is for the city/county etc. and look at all the costs.I can tell you water is the talk of the town with buyers of multifamily.It can just crush your bottom line.

Some towns with colleges don't allow students to living in certain parts of town. they want to keep the drunken college students on their side of town. so far there have been no court challenges to either of theses zoning regulations restricting students or special needs.7.