That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

What are other units on the market offering in terms of finishes as well as what are the renters expectations. i would say it is worth spending a little more for more durable components even if the market does not require it as @Adam Bartomeo said

The window sill cannot exceed 44" from the finished floor level• There needs to be a• All apartments and hallways must have interconnected smoke detectors• One of the first floor apartments must be designed as a Type "B" accessible unit and must be on an accessible path• Accessible parking will be required for the buildingThe mechanical/electrical components of the building will need to be evaluated by an engineer to determine if modifications or upgrades will be required.An onsite review of the building may bring up additional issues beyond those mentioned in This is all very common building code requirements when doing multifamily.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

And every component has a design life, it will eventually need to be replaced.

Then layer on the operational component when these out of state buyers are reliant on 100% 3rd party oversignt and management when dealing with real estate disproportionately impacted by opex and capex and its a losing proposition.

Having the right support team early on can save you time, money, and avoid costly missteps in the future.By focusing on these essential components now, you’re not only protecting yourself, you may also help ease your husband's concerns and build a more stable foundation for both of you.Wishing you all the best as you move forward—here’s to smart investing and long-term success!

Hello Victoria, I usually do 5% vacancy, 5% maintenance and 5% capEx.As you said this will be dependent on how old the main components are and how old the house is.

The debate that is brewing is whether client-provided walkthrough imagery is as reliable as having the cost seg engineer survey the building components on site. 

A lot of components and easy to go down (very productive) rabbit holes.