It is a great service to the residents though and may give you a better selling point over your competition justifying higher rents.

A residence you live in, whether rented or purchased, is nothing more than an expensive doo-dad.

This may not be the correct forum but, you guys (and gals) have consistently amazed me on your knowledge of RE in general.I'm purchasing a Freddie property for my personal residence.

Sending a guy with baseball bat to PM's primary residence?

Most were his primary residences actually.I always was a good saver and had saved up a nice chunk of change at that point and the thought of buying and renting for long term positive cashflow was very appealing.

There is a pool, playground and basketball ct.Specifics:$150k cash for all 32 units.Expenses are higher than usual as they include a $300 per building HOA cost for pool and landscape maintenance.Owner pays only water about $125 per building.Property tax:$1300/buildingInsurance $600Vacancy needs to be assumed highBuildings were built in 1971 so expense ratio will be above 50%.Onsite resident manager and super on site in exchange for free rent of a 2bd and 1bd.Although price per door is less than $5k the high expense ratio, low vacancy and sketch neighborhood have my ROI questionable and giving me very cold feet.

I have not closed a deal yet and further more I have not found a deal yet, but I have made steps to free up personal cash-flow, clean up my credit report ( old stuff that all I needed to do is dispute and wow there gone now) and refi my personal residence from a %5.75 interest to current rates.

If he thinks he should get part of the deposit, he needs to take it up with the current residents and their new roommate.

Is it their residence or a rental?

I was told that if I did I would pay higher interest as the home is not my primary residence, but still, this all seems like a huge hassle.