General Rule of thumb to use for SFR, but can be a quick guide for what you're looking at..1% for A neighborhoods1.25% for B Neighborhoods1.5-2% for C Neighborhoods2+% for D Neighborhoods.Not sure of the exact location, but I would venture to say you're probably in the C range in Madison and the way she is charging tenants/ vacancies.As-is with vacancies I would estimate $390,000.Completely Occupied / No major deferred maintenance $590,000.I'm curious to see other peoples thoughts on this too..

Very relevant as we all do our yearly tax rituals (whatever yours may be)...The Schedule E is not ideal, but for round peg expenses (that are legit "ordinary and necessary" expenses, and the IRS and tax courts have lots of info, be it regs, opinions, and decisions on that) that do not fit in their Schedule E round hole categories, I try good ole' Line 19 and I even write in a couple (be it condo dues or cell phone) that are major contributors to the category in the small space provided.

I think investors are hungry for multi-family properties of all kinds for two major reasons.

Vegas has been nothing near a smooth ride and even with the major push from the former Zappos CEO many of the startups he bought in seem to not be doing very well.

Basically, I've had the initial conversation with them, asked about their houses condition, and the majority of these leads are folks who want retail for their house that's in need of extensive repairs.

The house was built in the 70s and doesn't need any major repairs but could use some updating.

My agent friend made money from buying properties for him but made very little from selling the units cause the majority didn't sell.3.

As long as the property is performing, the vast majority of the time, you are better off doing regular maintenance vs. waiting for something to break / fail be a problem that could escalate to a crisis (nothing like a sewer line back up!).

I am a three your major in self directed studying of Real Estate investing.

My mindset is that it is low risk when the majority thinks otherwise but I have many years of experience in Detroit.