I am assuming since you are from NY you would like to stay closer towards that side?

I'm thinking things like lower rent for the tenant that cuts the grass, or maybe different rental due dates.. things like that.

I figured it was an idea in order to get closer to the 2%...

Hello BP,My wife and I are starting our first business in addition to our day jobs by renting our starter home out and moving into Maryland closer to DC.

If you had reliable cap rate comps you'd realize the market cap rate is closer to 11% and if your turnkey company is trying to sell you at 8-8.5% then they are ripping you off.  

Being that it's an apartment building, I would guess there are a good amount of windows, and would make the price closer to 5000, and would be a 4-5 day job with a 3 man crew.  

I want $100 per door if I am getting 95%-100% financing (sounds ambitious I know) but If I am putting my own money down then I want to be closer to $200+ per door.

I have a client looking to grab a BEAUTIFUL piece of land for development because he can close as soon as zoning is done and the big guys want to wait 15 months until their current subdivisions are closer to finished.Proof of ability to close within 30 days of zoning/platting approval should look really enticing to a seller

Some things to think about as well, Repairs and Maintenance, Administrative/tax fees, contract service(snow and grass)  those can add up fast as well.Let us know how it goes Rick L.

In my case, it's one big open yard (until we get the dog yard finished), and the dog poop is right there where anyone might be walking--on the driveway, in the grass.